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

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index.

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

As of October 31, 2024, UVXY stock price climbed to $30.94 with 14,787,522 million shares trading.

UVXY has a beta of -5.87, meaning it tends to be less sensitive to market movements. UVXY has a correlation of 0.62 to the broad based SPY ETF.

UVXY has a market cap of $329.31 million. This is considered a Small Cap stock.

In the last 3 years, UVXY traded as high as $1,311.00 and as low as $20.55.

UVXY has underperformed the market in the last year with a return of -64.9%, while SPY returned +38.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in UVXY shares. However, UVXY has outperformed the market in the last 3 month and 2 week periods, returning +17.3% and +12.4%, while SPY returned +5.2% and -2.3%, respectively. This indicates UVXY has been having a stronger performance recently.

UVXY support price is $26.35 and resistance is $29.11 (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 UVXY shares will trade within this expected range on the day.