Stock Traders Buy High Volume of Call Options on 2x Long VIX Futures ETF (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of some unusual options trading activity on Friday. Stock traders bought 73,634 call options on the stock. This represents an increase of 32% compared to the average daily volume of 55,679 call options.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FirstWave Capital Management LLC bought a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth $5,031,000. Cavalier Investments LLC acquired a new position in 2x Long VIX Futures ETF in the 3rd quarter worth $1,225,000. GAM Holding AG acquired a new position in 2x Long VIX Futures ETF in the 3rd quarter worth $794,000. Mach 1 Financial Group LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth about $452,000. Finally, Flow Traders U.S. LLC bought a new position in 2x Long VIX Futures ETF during the 3rd quarter worth about $532,000.

2x Long VIX Futures ETF Price Performance

Shares of BATS:UVIX opened at $9.17 on Friday. 2x Long VIX Futures ETF has a 12 month low of $5.23 and a 12 month high of $105.18. The company’s 50-day moving average price is $6.48 and its two-hundred day moving average price is $8.31.

About 2x Long VIX Futures ETF

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.