Is uvxy a stock?

1. UVXY is not a stock, it is an ETF (exchange-traded fund). 2. It has consistently lost money every year since its creation. UVXY’s full name is Ultra VIX Short-Term Futures ETF, and besides the fact that it can be bought and sold just like a stock, there’s actually not much that makes it similar to a stock at all.

Why is uvxy holding the Vix?

The key problem here is due to something called "ffutures convergence". UVXY isn't holding the VIX, it is holding VIX futures. VIX futures have a funny tendency - they are almost always priced higher than the spot level of the VIX. And there's another funny tendency in financial markets - futures converge towards spot.

Does uvxy give you a share of a corporation?

Unlike stocks, owning UVXY does not give you a share of a corporation. There are no sales, no quarterly reports, no profit/loss, no PE ratio, and no prospect of ever getting dividends. Forget about doing fundamental style analysis on UVXY.