UVXYProShares Ultra VIX Short-Term Futures ETF

ProShares Ultra VIX Short-Term Futures ETF is a volatility-focused exchange-traded fund that seeks daily leveraged exposure to the S&P 500 VIX Short-Term Futures Index. The fund is designed to reflect movements in short-term VIX futures, using a portfolio centered on first- and second-month contracts with a weighted average maturity of about one month. This makes it a tactical market instrument for accessing equity volatility through listed futures rather than direct stock holdings. The ETF is managed by ProShares and uses a synthetic, passive structure tied to the index’s daily performance. It is primarily used by market participants looking for short-term volatility exposure, hedging tools, or trading strategies linked to shifts in expected S&P 500 volatility. ProShares Ultra VIX Short-Term Futures ETF was launched in 2011 and is part of ProShares’ volatility and alternatives lineup.