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 November 22, 2024, UVXY stock price declined to $21.48 with 10,761,615 million shares trading.

UVXY has a beta of -6.01, 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 -59.7%, while the SPY ETF gained +32.9%. In the last 3 month period, UVXY fell short of the market, returning -8.6%, while SPY returned +6.5%. However, in the most recent 2 weeks UVXY has outperformed the stock market by returning +1.7%, while SPY returned 0.0%.

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.