Name of ETF: ProShares Ultra VIX Short-Term Futures ETF
Benchmark Index: S&P 500 VIX Short-Term Futures Index
Ticker Symbol: UVXY
Daily Target: 2x
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 2x (200%). This means the ETF is seeking a daily target equal to 200% of the benchmark index.
Related Links:
List of Volatility ETFs and ETNs