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 May 3, 2024, UVXY stock price declined to $30.25 with 8,066,100 million shares trading.

UVXY has a beta of -4.57, 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 $197.95 million. This is considered a Micro Cap stock.

In the last 3 years, UVXY stock traded as high as $2,012.50 and as low as $29.99.

UVXY has underperformed the market in the last year with a price return of -84.3% while the SPY ETF gained +27.0%. UVXY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.4% and -25.3%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

UVXY support price is $29.86 and resistance is $33.90 (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 stock will trade within this expected range on the day.