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

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading on Friday. Stock traders purchased 54,556 call options on the stock. This represents an increase of approximately 40% compared to the typical daily volume of 38,845 call options.

2x Long VIX Futures ETF Stock Performance

UVIX traded down $0.03 during trading on Friday, reaching $3.44. 58,810,943 shares of the stock were exchanged. The stock’s 50-day moving average price is $3.58 and its 200 day moving average price is $4.87.

Institutional Trading of 2x Long VIX Futures ETF

An institutional investor recently bought a new position in 2x Long VIX Futures ETF stock. Flow Traders U.S. LLC bought a new position in 2x Long VIX Futures ETF (BATS:UVIX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 69,147 shares of the company’s stock, valued at approximately $326,000. Flow Traders U.S. LLC owned 1.05% of 2x Long VIX Futures ETF at the end of the most recent quarter.

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.