UVXY is an exchange-traded fund (ETF) that tracks the performance of the S&P 500 VIX Short-Term Futures Index.
What is the opposite of uvxy?
The opposite of the UVXY is the Short VIX Short-Term Futures (SVXY). SVXY is also an ETF however it differs from UVXY by being an ‘inverse ETF’. An inverse ETFs means that it is designed to return the opposite of the underlying security.
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.
Is uvxy a good stock to buy?
Yes. In fact, UVXY has historically been known to effectively “blow up” and wipe out buyers. Contango losses can cause the UVXY price to change dramatically in the blink of an eye. Buy-and-hold investors should look elsewhere.
