2x Long VIX Futures ETF Target of Unusually Large Options Trading (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 29,112 call options on the stock. This represents an increase of 10% compared to the typical volume of 26,547 call options.

Institutional Trading of 2x Long VIX Futures ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 180 Wealth Advisors LLC acquired a new position in shares of 2x Long VIX Futures ETF in the first quarter valued at approximately $87,000. Tidal Investments LLC acquired a new position in 2x Long VIX Futures ETF in the 1st quarter valued at approximately $155,000. Finally, Howard Financial Services LTD. bought a new position in shares of 2x Long VIX Futures ETF during the first quarter valued at $87,000.

2x Long VIX Futures ETF Trading Down 2.9 %

BATS:UVIX opened at $5.30 on Thursday. The company has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $6.78.

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.