Investors Purchase High Volume of 2x Long VIX Futures ETF Call Options (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading on Friday. Traders bought 89,042 call options on the company. This is an increase of approximately 88% compared to the average daily volume of 47,258 call options.

2x Long VIX Futures ETF Stock Performance

Shares of BATS UVIX opened at $6.28 on Friday. The firm has a 50 day moving average price of $5.84 and a two-hundred day moving average price of $8.88. 2x Long VIX Futures ETF has a 52-week low of $5.23 and a 52-week high of $105.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WealthShield Partners LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the second quarter valued at about $239,000. Howard Financial Services LTD. bought a new stake in 2x Long VIX Futures ETF in the third quarter valued at approximately $119,000. Meritage Portfolio Management acquired a new stake in 2x Long VIX Futures ETF during the 4th quarter valued at approximately $81,000. Mariner LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth approximately $86,000. Finally, Two Sigma Securities LLC lifted its position in shares of 2x Long VIX Futures ETF by 76.9% in the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after purchasing an additional 6,838 shares during the period.

2x Long VIX Futures ETF Company Profile

The 2x Long VIX Futures ETF (UVIX) is an exchange-traded fund that is based on the Long VIX Futures index. The fund tracks an index that provides 2x daily leveraged exposure to a portfolio comprising first- and second-month VIX futures positions with a weighted average maturity of one month. UVIX was launched on Mar 28, 2022 and is managed by Volatility Shares.