UVXYProShares Ultra VIX Short-Term Futures ETF
UVXY Fund Description
UVXY provides 1.5x leveraged exposure to an index comprising first- and second-month VIX futures positions with a weighted average maturity of one month.
UVXY Factset Analytics Insight
UVXY offers daily leveraged exposure to short-term VIX futures, designed to capture the volatility of the S&P 500, in a commodity pool wrapper. As a geared product with daily resets, UVXY is designed as a short-term trading tool and not a long-term investment vehicle. Returns over holding periods greater than one day can be, and often are, significantly different from 1.5x. Like its peer products, UVXY does not deliver leveraged returns on the VIX index itself, but on front- and second-month futures contracts. As a commodity pool, investors will get K-1 at tax time but avoid the counterparty risk of an exchange-traded note. Prior to February 28, 2018, the fund provided 2x leveraged exposure.
UVXY Summary Data
UVXY Portfolio Data
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UVXY Fund Structure
UVXY Tax Exposures
UVXY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UVXY. UVXY is rated a 5 out of 5.