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

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading activity on Thursday. Traders purchased 46,811 call options on the company. This is an increase of approximately 56% compared to the average volume of 30,037 call options.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 2x Long VIX Futures ETF stock. Howard Financial Services LTD. boosted its stake in shares of 2x Long VIX Futures ETF (BATS:UVIX) by 80.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Howard Financial Services LTD. owned approximately 0.27% of 2x Long VIX Futures ETF worth $101,000 as of its most recent SEC filing.

2x Long VIX Futures ETF Stock Performance

UVIX traded up $0.23 during trading on Thursday, hitting $5.32. 19,928,277 shares of the company traded hands. The stock has a 50-day moving average price of $5.02 and a 200-day moving average price of $6.21.

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.