2x Long VIX Futures ETF (UVIX)
2x Long VIX Futures ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Palm Beach Gardens, FL, US. The stock last traded at $46.37, down 5.75% on the session, giving a market capitalisation of $75.7M. Its beta of -4.27 implies it has historically moved less than the broad market.
This index is designed to track the daily performance of a hypothetical investment basket consisting of long positions in VIX futures contracts, specifically those with the closest two expiration dates. To maintain a consistent average time until maturity for these futures, the portfolio is adjusted through a daily rebalancing mechanism. The index's value is finalized each day at 4:00 p.m. Eastern Time, calculated from the average trading price of its component futures during the period between 3:45 p.m. and 4:00 p.m. Eastern Time.
2x Long VIX Futures ETF is most often compared with the following Financial Services names: