22-Nov-2024
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If UVXY Price Stays Inside $28 to $35 Level This Iron Condor Will Yield 71%
Market Chameleon (Mon, 4-Nov 10:06 AM ET)
How This UVXY Iron Condor Can Net 51% in 5 Days
Market Chameleon (Fri, 1-Nov 10:05 AM ET)
How This UVXY Iron Condor Can Net 85% in 6 Days
Market Chameleon (Thu, 31-Oct 2:15 PM ET)
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 November 22, 2024, UVXY stock price declined to $21.48 with 10,761,615 million shares trading.
UVXY has a beta of -5.97, meaning it tends to be less sensitive to market movements. UVXY has a correlation of 0.61 to the broad based SPY ETF.
UVXY has a market cap of $250.11 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 $19.50.
UVXY has underperformed the market in the last year with a return of -60.2%, while the SPY ETF gained +32.4%. In the last 3 month period, UVXY fell short of the market, returning -14.4%, while SPY returned +7.4%. However, in the most recent 2 weeks UVXY has outperformed the stock market by returning +2.6%, while SPY returned -0.4%.
UVXY support price is $21.34 and resistance is $24.20 (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.