Stock Traders Purchase Large Volume of 2x Long VIX Futures ETF Call Options (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) was the target of some unusual options trading activity on Friday. Traders purchased 88,098 call options on the stock. This represents an increase of approximately 48% compared to the average volume of 59,666 call options.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mariner LLC purchased a new stake in 2x Long VIX Futures ETF during the 4th quarter valued at $86,000. Barclays PLC boosted its stake in shares of 2x Long VIX Futures ETF by 148.5% in the 4th quarter. Barclays PLC now owns 33,470 shares of the company’s stock worth $191,000 after buying an additional 20,000 shares during the last quarter. FirstWave Capital Management LLC bought a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter worth $5,031,000. StoneX Group Inc. bought a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter worth $130,000. Finally, Mach 1 Financial Group LLC purchased a new stake in 2x Long VIX Futures ETF during the fourth quarter valued at $452,000.

2x Long VIX Futures ETF Price Performance

Shares of BATS UVIX opened at $8.29 on Friday. The firm’s 50-day moving average price is $7.14 and its 200-day moving average price is $8.14. 2x Long VIX Futures ETF has a 52-week low of $5.23 and a 52-week high of $105.18.

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.