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How To Buy ProShares Ultra VIX Short-Term Futures ETF

An ETF, allows investors to purchase a large number of stocks or bonds at once. Investors purchase ETF shares, and the funds are utilized to make investments with a specific goal in mind.

Our guide will show you how to invest in any ETFs that you feel may fit perfectly in your portfolio.

Quick ProShares Ultra VIX Short-Term Futures ETF History 

ProShares Ultra VIX Short-Term Futures ETF is a short-term futures exchange-traded fund that tracks the VIX index. UVXY is a commodities pool that gives daily leveraged exposure to short-term VIX futures in order to capture the volatility of the S&P 500

The fund trades a substantial volume on most days, indicating that most investors will hold the fund for a fairly short time. It tracks the performance of a portfolio of monthly VIX futures contracts with a one-month weighted average to expiration. Up until February 28, 2018, the fund offered two times leveraged exposure.

Future Outlook 

Reverse splits have been implemented in four Proshares exchange traded funds as of Wednesday, May 26th. A reverse split is a strategy for reducing the number of outstanding shares in the stock market. Current shares are condensed into a smaller, proportional amount, that become more valued. 

ProShares UltraShort Bloomberg Crude Oil , ProShares VIX Short-Term Futures, ProShares Ultra VIX Short-Term Futures ET, and ProShares UltraShort Silver are the ETFs which have reverse splits. The UVXY split represents a 1:10 ratio. For the day, UVXY is holding steady at -2.40 percent.

Steps to Buy ProShares Ultra VIX Short-Term Futures ETF

To purchase an ETF, you must first choose a brokerage, open a trading account, look up the ticker symbol, and then start buying shares.

Step 1: Select the Brokerage

ETF trading is available through both online brokers and traditional broker-dealers. To begin buying ETFs, you must first open an account with a brokerage firm. However, before determining where to open your brokerage account, think about your financial objectives. 

Step 2: Open the Trading Account & Deposit Funds

To buy an ETF, you must open a trading account. You can choose for a full-service account, which gives you access to a financial advisor who will provide you with sound advice. You should compare the features and platforms of each broker. If you’re a novice trader, it’s a smart idea to work with a broker that offers a variety of instructional tools.

Step 3: Search for the ProShares Ultra VIX Short-Term Futures ETF Ticker Symbol (UVXY)

You’ll need to type in the ticker symbol for the ETF you want to buy. The ticker symbol is a group of letters that signify the stock you’re looking to purchase. For this ETF, you will be searching for the “UVXY” ticker symbol.

Step 4: Purchase ProShares Ultra VIX Short-Term Futures ETF

Brokers will have a “deal ticket” at the bottom of each page where you may place your order. You will enter the symbol and the number of shares you wish to purchase on the broker’s order form. You can buy as many shares as you like with a market order, or you can use a limit order to postpone the purchase until the stock reaches a specified price.

Should You Buy ProShares Ultra VIX Short-Term Futures ETF? 

ETFs are very easy to comprehend and may produce excellent returns with minimal effort. There is no minimum investment amount needed to begin investing in ETFs. All you really need is enough to pay for the costs of one share plus any commissions or charges. ETFs are exchanged in the same way that individual stocks are. You can purchase and sell at any time during the day.  

While one of the advantages of ETFs is that they often have lower costs than other stocks, you may still be charged fees when you make transactions. ProShares Ultra VIX Short-Term Futures ETF has an average daily share volume of 84,782,938 shares and an expense ratio of 0.95.

Over the past few months this ETF has been trending upwards, so it could be an excellent investment. If you would like to invest in ETFs then you should consider contacting a financial advisor.