The ProShares Trust Ultra VIX Short Term Futures ETF has been influenced by a slight uptick in the CBOE Volatility Index (VIX), which closed at 15.10, marking a 0.27% increase. This movement suggests a stable market environment with moderate volatility, as the S&P 500 Index also rose by 0.61% to a record high, driven by strong performances from tech giants like Nvidia and Oracle. The market's resilience, despite geopolitical uncertainties, reflects investor confidence in AI-related growth prospects. However, the significant trade volume in VIX February 2025 40.000 calls indicates that some traders are positioning for potential future volatility spikes, which could be impacting the ETF's performance.
The ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) saw a rise of 2.20% to $18.55 as of 16:40 on Wednesday, January 22.