The Ultra Fund seeks daily results that match (before fees and
expenses) two times (2x) the daily performance of the S&P 500
VIX Short-Term Futures Index. The index seeks to offer exposure to
market volatility through publicly traded futures markets and is
designed to measure the return from a rolling long position in the
first and second month VIX futures contracts.
I have discussed this instrument a few times previously..understand
how it works if you choose to trade it.
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UVXY Defined
UVXY
Posted by steve on 21st of Jul 2016 at 02:38 pm
The Ultra Fund seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the return from a rolling long position in the first and second month VIX futures contracts.
I have discussed this instrument a few times previously..understand how it works if you choose to trade it.