2x Long VIX Futures ETF Sees Unusually High Options Volume (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading on Tuesday. Stock traders purchased 68,878 call options on the stock. This is an increase of approximately 54% compared to the average daily volume of 44,645 call options.

Institutional Trading of 2x Long VIX Futures ETF

A number of hedge funds have recently modified their holdings of UVIX. Howard Financial Services LTD. acquired a new stake in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at about $119,000. FreeGulliver LLC bought a new position in 2x Long VIX Futures ETF during the third quarter valued at approximately $179,000. Hamilton Wealth LLC bought a new position in 2x Long VIX Futures ETF during the third quarter valued at approximately $206,000. WealthShield Partners LLC acquired a new stake in 2x Long VIX Futures ETF in the second quarter valued at approximately $239,000. Finally, Avior Wealth Management LLC bought a new stake in 2x Long VIX Futures ETF in the second quarter worth approximately $254,000.

2x Long VIX Futures ETF Stock Up 0.9%

UVIX traded up $0.05 on Tuesday, reaching $5.62. The company had a trading volume of 23,091,323 shares. The firm has a 50 day moving average of $7.56 and a two-hundred day moving average of $11.38.

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.