The company Volatility Shares has announced the new launch of two new ETFs, the 2x Long VIX Futures ETF (UVIX) and the -1x Short VIX Futures ETF (SVIX). UVIX will track 2x of the Long VIX Futures Index which was created to give daily performance from short-term VIX future contracts and SVIX will track the Short VIX Futures Index which provides the inverse of the short-term VIX future contracts. Both ETFs will be available for purchase on the CBOE Bzx.
ETF Newz Says: New ways to track and bet on market volatility. The CBOE Volatility Index (VIX) is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 index (SPX).