ProShares Ultra VIX Short-Term Futures ETF - UVXY

ProShares Ultra VIX Short-Term Futures ETF is an exchange-traded fund designed to provide 1.5x leveraged exposure to the S&P 500 VIX Short-Term Futures Index. The fund seeks daily investment results that correspond to one and a half times the daily performance of a portfolio of first- and second-month VIX futures contracts, maintaining a weighted average maturity of about one month. By targeting VIX futures rather than the VIX index itself, the ETF offers access to equity market volatility in a tradable format. ProShares Ultra VIX Short-Term Futures ETF is primarily used as a tactical tool by market participants who require short-term, leveraged exposure to changes in implied volatility on the U.S. equity market. It plays a niche role in the volatility segment, often serving in sophisticated trading, hedging, or risk management strategies focused on movements in expected S&P 500 volatility.