Dynamic Short Short-Term Volatility Futures ETF (WEIX)
Dynamic Short Short-Term Volatility Futures ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $26.11, up 0.00% on the session, giving a market capitalisation of $5.5M. Its beta of 0.97 implies it has historically moved less than the broad market.
Under normal market circumstances, this fund's aim is fulfilled by actively managing a portfolio that primarily establishes short positions in futures contracts. These particular contracts, known as VIX Futures Contracts, are linked to the CBOE Volatility Index and possess monthly expiration dates. The investment advisor's usual strategy involves taking short positions on the two VIX Futures Contracts that are closest to their expiration. This includes a daily "roll" where the contract due to expire soonest is swapped for the contract expiring in the subsequent month. It is important to note that this fund is classified as non-diversified.
Dynamic Short Short-Term Volatility Futures ETF is most often compared with the following Financial Services names: