WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged (VILX.L)
WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Dublin 1, IE. The stock last traded at $65.30, down 3.47% on the session, giving a market capitalisation of $6.8M. Its beta of -4.38 implies it has historically moved less than the broad market.
This Exchange Traded Product (ETP) offers investors magnified exposure to S&P 500 VIX futures contracts. It is structured as a fully collateralized, UCITS-compliant investment vehicle. Its total return aims to deliver 2.25 times the daily movements of the S&P 500 VIX Short-Term Futures (0930-1600 ET) (USD) ER Index (VXXIDSPE). This return also incorporates earned interest revenue, with overall performance adjusted to account for product-related fees and expenses. Specifically, it targets a daily return that is 2.25 times the percentage change of the underlying index. For instance, a 1% increase in the S&P 500 VIX Short-Term Futures (0930-1600 ET) (USD) ER Index would generally lead to a 2.25% gain for the ETP, while a 1% decline in the index would result in a 2.25% loss for the ETP, prior to any charges.
WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged is most often compared with the following Financial Services names: