UVXY
ProShares Ultra VIX Short-Term Futures ETF
📎 Investment Objective
The ProShares Ultra VIX Short-Term Futures ETF (UVXY) seeks to provide 2x the daily return of the S&P 500 VIX Short-Term Futures Index, which tracks the performance of first and second month VIX futures contracts.
Overview
ETF tracking ProShares Ultra VIX Short-Term Futures ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares Ultra VIX Short-Term Futures ETF (UVXY) seeks to provide 2x the daily return of the S&P 500 VIX Short-Term Futures Index, which tracks the performance of first and second month VIX futures contracts.
🎯 Investment Strategy
The fund uses a combination of VIX futures contracts to provide leveraged exposure to the VIX index. It aims to achieve its 2x daily target by adjusting its futures positions on a daily basis.
✨ Key Features
- Provides 2x leveraged exposure to VIX futures contracts
- Rebalances daily to maintain target leverage
- Designed for short-term trading, not long-term buy-and-hold
- High volatility and risk profile
⚠️ Primary Risks
- Significant daily volatility and potential for large losses
- Leverage magnifies gains and losses
- Potential for divergence from underlying VIX index performance
- Contango in VIX futures can erode returns over time
👤 Best For
UVXY is a highly speculative fund intended for experienced, risk-tolerant traders who seek short-term exposure to market volatility. It is not suitable for long-term buy-and-hold investors due to its complex structure and high risk profile.
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