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

2x Long VIX Futures ETF (BATS:UVIX) was the target of some unusual options trading on Monday. Investors bought 25,055 call options on the stock. This represents an increase of 111% compared to the average volume of 11,888 call options.

2x Long VIX Futures ETF Stock Performance

Shares of BATS:UVIX traded down $11.01 during mid-day trading on Monday, hitting $40.68. 2,735,868 shares of the company traded hands, compared to its average volume of 2,405,089. The firm’s 50 day simple moving average is $38.06 and its 200 day simple moving average is $84.61. 2x Long VIX Futures ETF has a 52-week low of $32.32 and a 52-week high of $273.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UVIX. Ramsey Quantitative Systems purchased a new position in 2x Long VIX Futures ETF in the 2nd quarter valued at about $334,000. Clough Capital Partners L P acquired a new stake in shares of 2x Long VIX Futures ETF during the first quarter valued at about $623,000. Hamilton Wealth LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the first quarter worth about $7,570,000. Finally, Independent Financial Group LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the first quarter worth about $216,000.

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.