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ProShares Ultra VIX Short-Term Futures ETF (UVXY)

Trading--Miscellaneous | Exchange Traded Fund | Cboe US
24.32 USD +1.14 (4.918%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★☆☆☆☆Long-term:☆☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 6:17 a.m. EDT

This instrument is a classic 'decay engine' designed for short-term tactical bets on volatility spikes, not long-term holding. The underlying asset has suffered a catastrophic multi-year decline, dropping nearly 100% over the last decade with five consecutive years of negative returns. This structural deterioration makes any long-term investment thesis invalid; the business model of tracking short-term futures decay ensures capital loss over time. While the options chain shows heavy speculation on another volatility spike via distant call walls, the overwhelming put positioning suggests the market is hedging against further drops rather than betting on a recovery. With zero dividends and a price history of relentless erosion, this security warrants avoidance for any investor with a horizon beyond a few days.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.149854
MSTL0.167037
AutoARIMA0.172939
AutoETS0.181005

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 30%
H-stat 163.72
Ljung-Box p 0.000
Jarque-Bera p 0.154
Excess Kurtosis -1.41

As of July 11, 2026, 6:17 a.m. EDT: Speculators are aggressively positioning for continued volatility with massive out-of-the-money call open interest walls at strikes like 35 and 40, indicating a bet on further spikes. However, put volume and open interest are significantly higher than calls, particularly in the near term, suggesting hedging demand dominates speculative buying. Implied volatility is elevated across all expirations, pricing in significant uncertainty.


Info Dump

Attribute Value
All Time High 612,000,010,000.0
All Time Low 22.77
Ask 24.43
Ask Size 200
Average Daily Volume10 Day 6,799,160
Average Daily Volume3 Month 8,093,857
Average Volume 8,093,857
Average Volume10Days 6,799,160
Beta3 Year 50.04
Bid 24.34
Bid Size 300
Category Trading--Miscellaneous
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 24.565
Day Low 23.19
Dividend Yield 0.0
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 30.2408
Fifty Day Average Change -5.920801
Fifty Day Average Change Percent -0.1957885
Fifty Two Week Change Percent -71.81924
Fifty Two Week High 93.4
Fifty Two Week High Change -69.08
Fifty Two Week High Change Percent -0.73961455
Fifty Two Week Low 23.11
Fifty Two Week Low Change 1.2099991
Fifty Two Week Low Change Percent 0.052358244
Fifty Two Week Range 23.11 - 93.4
First Trade Date Milliseconds 1,317,735,000,000
Five Year Average Return -0.6778331
Full Exchange Name Cboe US
Fund Family ProShares
Fund Inception Date 1,317,600,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.
Long Name ProShares Ultra VIX Short-Term Futures ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_141277002
Nav Price 23.203
Net Assets 233,689,088.0
Net Expense Ratio 1.23
Open 23.6
Phone 240-497-6400
Pre Market Change -0.52000046
Pre Market Change Percent -2.1425648
Pre Market Price 23.75
Pre Market Time 1,784,032,512
Previous Close 23.18
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 1.14
Regular Market Change Percent 4.91803
Regular Market Day High 24.565
Regular Market Day Low 23.19
Regular Market Day Range 23.19 - 24.565
Regular Market Open 23.6
Regular Market Previous Close 23.18
Regular Market Price 24.32
Regular Market Time 1,783,972,800
Regular Market Volume 9,055,403
Short Name ProShares Ultra VIX Short Term
Source Interval 15
Symbol UVXY
Three Year Average Return -0.6195808
Total Assets 233,689,088
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -52.3741
Trailing Three Month Returns -52.3741
Triggerable 1
Two Hundred Day Average 41.75455
Two Hundred Day Average Change -17.434551
Two Hundred Day Average Change Percent -0.41754854
Type Disp ETF
Volume 9,055,403
Yield 0.0
Ytd Return -30.79068