The ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY) seeks
to provide 2x the daily performance of the S&P 500 VIX Short-Term
Futures Index, before fees and expenses. The ProShares Short VIX
Short-Term Futures ETF (NYSE: SVXY) seeks to provide -1x the daily
performance of the S&P 500 VIX Short-Term Futures Index, before fees
and expenses. The ETFs are listed on NYSE Arca.
“Many investors
are focused on volatility of the equity markets and are interested in
tools that could help manage or incorporate volatility in sophisticated
portfolios,” said Michael L. Sapir, Chairman and CEO of ProShare Capital
Management, the sponsor of the funds. “Now, with
our introduction of these new ProShares, investors for the first time
can get leveraged or inverse exposure to VIX futures with an exchange-traded fund.”
ProShares Expands Lineup of VIX Futures ETFs
ProShares has launched two exchange-traded funds (ETFs) designed to provide magnified or inverse exposure to VIX futures.