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.
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.”