UVIX

2x Long VIX Futures ETF

$10.02

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The UVIX ETF seeks to provide 2x the daily return of the S&P 500 VIX Short-Term Futures Index, which tracks the performance of a portfolio of monthly VIX futures contracts.

Overview

ETF tracking 2x Long VIX Futures ETF

Category Innovation

Issuer Other

Inception Date 2022-03-30

Market Cap $474.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $8.81 - $92.37

VWAP $10.48

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The UVIX ETF seeks to provide 2x the daily return of the S&P 500 VIX Short-Term Futures Index, which tracks the performance of a portfolio of monthly VIX futures contracts.

🎯 Investment Strategy

The fund uses derivatives, primarily VIX futures contracts, to provide leveraged exposure to the VIX index. It aims to achieve its 2x target by adjusting its futures positions on a daily basis.

✨ Key Features

Provides 2x leveraged exposure to VIX futures
Resets leverage daily to maintain 2x target
Highly speculative and volatile fund
Primarily used for short-term trading, not long-term investment

⚠️ Primary Risks

Extremely high volatility and risk of loss
Leverage amplifies both gains and losses
Potential for significant tracking error versus the target index
Liquidity risks and wide bid-ask spreads

👤 Best For

This ETF is intended for very experienced, sophisticated traders who understand the risks of leveraged and volatile funds. It is not suitable for long-term investors or those with a low risk tolerance.