About ProShares VIX Mid-Term Futures ETF (VIXM)

The ProShares VIX Mid-Term Futures ETF (VIXM) is an exchange-traded fund that aims to provide investors with exposure to mid-term VIX futures contracts. The fund seeks to track the performance of the S&P 500 VIX Mid-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of approximately 5 months to expiration. This strategy is designed to capture the volatility risk premium between short-term and long-term VIX futures.

Investors who believe that volatility will increase in the medium term may consider adding VIXM to their portfolio. The fund uses a rules-based methodology to roll its exposure from one VIX futures contract to the next as they approach expiration. By maintaining exposure to mid-term VIX futures, VIXM aims to provide a less volatile investment option compared to funds that track short-term VIX futures.