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ProShares VIX Short-Term Futures ETF (VIXY)

Trading--Miscellaneous | Exchange Traded Fund | Cboe US
20.66 USD -0.32 (-1.549%) ⇩ (July 14, 2026, 9:53 a.m. EDT)

Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 3:29 a.m. EDT

The short-term outlook is precarious. While the recent price action shows a slight bounce off the lows, the technical structure remains broken, trading well below both the 50-day and 200-day averages. The statistical forecast leans slightly negative, though with low confidence, reflecting the chaotic nature of volatility products. Crucially, the options flow reveals a stark divergence: traders are betting big on a potential catastrophe, placing massive put orders at strikes far below the current price, while simultaneously buying calls at extreme levels. This suggests the market is pricing in a binary event—a severe market crash that would drive the VIX to parabolic heights. However, holding this instrument is dangerous because of its inherent decay; it is designed to lose money in calm markets. Without a confirmed, immediate spike in fear, the probability of further erosion outweighs the speculative upside. The long-term rating is poor because the asset class itself is a liability over time, relying entirely on the occurrence of a crisis to generate returns, which is not a sustainable investment thesis.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.108885
MSTL0.109187
AutoARIMA0.114528
AutoETS0.118791

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 35%
H-stat 100.08
Ljung-Box p 0.000
Jarque-Bera p 0.164
Excess Kurtosis -1.39

As of July 11, 2026, 3:29 a.m. EDT: Speculators are aggressively positioning for a massive spike in volatility. Put writers are establishing heavy walls at strikes significantly below the current price (e.g., $11, $20, $35), while call buyers are targeting extreme upside scenarios ($79, $90, $120+). This asymmetry suggests a 'long gamma' environment where the market expects a violent move in either direction, but the sheer volume of put writing at deep strikes indicates a specific fear of a crash or a collapse in the underlying index, which would cause the VIX to skyrocket.


Info Dump

Attribute Value
All Time High 1,013,920.0
All Time Low 11.33
Ask 20.71
Ask Size 700
Average Daily Volume10 Day 2,444,800
Average Daily Volume3 Month 3,170,590
Average Volume 3,170,590
Average Volume10Days 2,444,800
Beta3 Year 45.61
Bid 20.7
Bid Size 500
Category Trading--Miscellaneous
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 20.79
Day Low 20.61
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 24.0518
Fifty Day Average Change -3.396799
Fifty Day Average Change Percent -0.14122848
Fifty Two Week Change Percent -52.66832
Fifty Two Week High 46.89
Fifty Two Week High Change -26.234999
Fifty Two Week High Change Percent -0.55950093
Fifty Two Week Low 20.28
Fifty Two Week Low Change 0.375
Fifty Two Week Low Change Percent 0.018491123
Fifty Two Week Range 20.28 - 46.89
First Trade Date Milliseconds 1,294,151,400,000
Five Year Average Return -0.46620047
Full Exchange Name Cboe US
Fund Family ProShares
Fund Inception Date 1,294,012,800
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 VIX Short-Term Futures ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_117792624
Nav Price 20.354
Net Assets 197,588,960.0
Net Expense Ratio 0.96
Open 20.66
Phone 240-497-6400
Previous Close 20.98
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.32499886
Regular Market Change Percent -1.549089
Regular Market Day High 20.79
Regular Market Day Low 20.61
Regular Market Day Range 20.61 - 20.79
Regular Market Open 20.66
Regular Market Previous Close 20.98
Regular Market Price 20.655
Regular Market Time 1,784,037,193
Regular Market Volume 204,153
Short Name VIX Short-Term Futures ETF
Source Interval 15
Symbol VIXY
Three Year Average Return -0.3995991
Total Assets 197,588,960
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -37.96745
Trailing Three Month Returns -37.96745
Triggerable 1
Two Hundred Day Average 28.7124
Two Hundred Day Average Change -8.0574
Two Hundred Day Average Change Percent -0.2806244
Type Disp ETF
Volume 204,153
Yield 0.0
Ytd Return -17.33655