VIXY Stock Summary and Trading Ideas (ProShares Vix Short-Term Futures ETF | ARCA:VIXY)

The CBOE Volatility Index (VIX) is a widely followed measure of the expected volatility of the S&P 500. Since the VIX is not directly investable S&P 500 volatility exposure is often achieved through VIX futures. Each of the VIX futures indexes measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX over a specific time window in the future. As a result the S&P 500 VIX Short-Term Futures Index and VIXY can be expected to perform differently than the VIX.

ProShares Vix Short-Term Futures ETF trades on the ARCA stock market under the symbol VIXY.

As of April 30, 2024, VIXY stock price declined to $13.11 with 64,640 million shares trading.

VIXY has a beta of -3.03, meaning it tends to be less sensitive to market movements. VIXY has a correlation of 0.61 to the broad based SPY ETF.

VIXY has a market cap of $137.01 million. This is considered a Micro Cap stock.

In the last 3 years, VIXY stock traded as high as $204.40 and as low as $12.66.

VIXY has underperformed the market in the last year with a price return of -65.4% while the SPY ETF gained +23.9%. VIXY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.3% and -15.6%, respectively, while the SPY returned +3.9% and +0.8%, respectively.

VIXY support price is $12.62 and resistance is $13.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VIXY stock will trade within this expected range on the day.