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Is uvxy stock a sell?
Given the above analysis, you probably won't be surprised to learn that UVXY stock is a sell. In fact, if anything, I'd rather have a short position in the UVXY ETF than own it. UVXY simply isn't that useful for anything other than perhaps day traders.What is uvxy ETF?
UVXY is the ticker symbol for the Ultra VIX Short-Term Futures ETF, a type of Exchange Traded Fund (ETF) that uses leverage and tracks short-term volatility. What Does UVXY Track? How Long Can You Hold UVXY? What Is The Opposite Of UVXY? An ETF is simply a collection of securities (e.g. stocks) that track an underlying strategy.What is uvxy & how does it work?
UVXY is an exchange-traded fund (ETF) that tracks the performance of the S&P 500 VIX Short-Term Futures Index.Can uvxy recover its value?
All-time, according to Google's data, UVXY has lost more than 99.99% of its value. It has plunged from, get this, $1.8 billion per share (split-adjusted) to just $22.99 now. There are few conceivable scenarios where UVXY could ever recover a meaningful fraction of these losses: What Impacts UVXY Price?