ProShares Ultra VIX Short-Term Futures ETF (BATS: $UVXY) 👀

How does UVXY trade?

UVXY trades like a stock. It can be bought, sold, or sold short anytime the market is open, including pre-market and after-market time periods. With an average daily volume of 47 million shares its liquidity is excellent and bid/ask spreads are a penny.

It has an active set of options available, with seven weeks’ worth of Weeklys and close to the money strikes every 0.5 points.

Like a stock, UVXY’s shares can be split or reverse split. If fact, UVXY reverse split 5 times in its first four years of existence—which may be a record. See this post for more details on historical and predicted reverse stock splits.

UVXY can be traded in most IRAs / Roth IRAs, although your broker will likely require you to electronically sign a waiver that documents the various risks with this security. Shorting of any security is not allowed in an IRA.