Slaven Vlasic/Getty Images
- Billionaire Mark Cuban of “Shark Tank” informed CNBC on Tuesday that he lately invested in Virtu Financial.
- Virtu has been on a tear since volatility stormed the markets ultimate week.
Shares of Virtu popped 1.five% quickly after Cuban’s remarks on CNBC.
Cuban mentioned he invested within the high-speed dealer all through ultimate week’s marketplace turmoil.
“There was blood in the street with the VIX, and everybody got leveled shorting the VIX,” Cuban informed CNBC. “So what did I do, I bought puts on the VIX. Not huge positions, but enough to be interesting. I also bought some VIRT, Virtu, because they do HFT, high-frequency trading. And they make money off of volatility.”
Markets have observed a go back of volatility after greater than a yr within the doldrums, and that has been a blessing for Virtu.
The corporate’s inventory is up greater than 40% because the starting of ultimate week. Take a take a look at the chart: