About ProShares Ultra VIX Short-Term Futures ETF (UVXY)

ProShares Ultra VIX Short-Term Futures ETF (UVXY) is an exchange-traded fund that provides investors with a way to gain exposure to the short-term volatility of the S&P 500 Index. UVXY is designed to provide two times the daily performance of the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts. This means that when the VIX Index is rising, UVXY should increase at roughly twice the rate of the Index.

Investors may consider UVXY as a potential tool for hedging against market volatility or for taking a speculative position on short-term market movements. The ETF offers a convenient way to gain exposure to VIX futures without the need to directly trade futures contracts. UVXY can be bought or sold on an exchange like a stock and can be held in an individual brokerage account.