uvxy stock price: ETF guide

This guide explains UVXY stock price dynamics, what drives short‑term volatility ETPs, fund mechanics, risks, typical uses, and where to check real‑time quotes. It helps beginners understand how UV...

2024-07-08 08:59:00

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UVXY (ProShares Ultra VIX Short‑Term Futures ETF)

Lead: The uvxy stock price refers to the market quotation for ProShares’ ProShares Ultra VIX Short‑Term Futures ETF (ticker UVXY), a leveraged volatility ETP that seeks 1.5x the daily performance of the S&P 500 VIX Short‑Term Futures Index. This article explains what the uvxy stock price represents, how the fund works, typical pricing behaviour, risks, and practical trading considerations for short‑term volatility exposure.

Ticker, exchange and classification

Ticker symbol: UVXY (commonly quoted in market data and by major US quote providers).
Primary listing and quotation venues: quoted on major U.S. exchanges and market centers; data for the uvxy stock price is distributed by primary quote providers and financial terminals.
Asset class and classification: leveraged volatility exchange‑traded product (ETP/ETF), designed to provide tactical, short‑term exposure to VIX futures rather than long‑term equity‑like ownership.

Investment objective and index tracked

The fund’s stated objective is to seek daily investment results, before fees and expenses, that correspond to 1.5x (150%) the daily performance of the S&P 500 VIX Short‑Term Futures Index. Important points for the uvxy stock price:

UVXY targets 1.5x the daily percentage change of a short‑term VIX futures index; it does not directly track the VIX spot index.
Movements in the uvxy stock price are driven by changes in the VIX futures curve and the fund’s leveraged exposure to those futures.

As of 2026‑01‑26, according to the fund documentation and issuer disclosures, the fund’s objective and index methodology remain focused on short‑term VIX futures exposure and daily leverage.

Fund structure and mechanics

Underlying instruments

UVXY gains exposure by holding a portfolio of short‑term VIX futures, typically the front‑month and second‑month contracts, weighted to match the S&P 500 VIX Short‑Term Futures Index methodology. The uvxy stock price therefore reflects the market’s pricing of those futures through the fund’s NAV and the market’s supply/demand for the ETF shares.

The futures used are cash‑settled VIX futures; their prices vary with market expectations of near‑term S&P 500 volatility.
Because UVXY holds futures rather than options or the VIX index itself, the uvxy stock price can move faster and more sharply than broad equity indexes during stress periods.

Leverage and daily resetting

UVXY employs 1.5x daily leverage. Key implications for the uvxy stock price:

The fund rebalances daily to maintain the 1.5x exposure. This daily reset produces path dependency: multi‑day returns can deviate from exactly 1.5x the index over longer periods.
In volatile, choppy markets this daily compounding often produces decay in the uvxy stock price over time, particularly when the VIX futures curve is in contango and time‑series volatility is high.

NAV, market price, and creation/redemption

Net asset value (NAV) reflects the fund’s per‑share value based on the underlying futures and collateral. The uvxy stock price quoted on exchanges is the market price; small premiums or discounts to NAV can occur intraday.
The ETF creation/redemption mechanism allows authorized participants to create or redeem shares to help keep market price close to NAV, but during extreme volatility the uvxy stock price can trade at notable dislocations from NAV because of wide bid/ask spreads, constrained liquidity, or operational frictions.

Pricing behaviour and historical performance

Typical price dynamics

The uvxy stock price typically exhibits the following behaviours:

Large intraday swings: because the fund amplifies short‑term VIX futures moves by 1.5x, the uvxy stock price can swing sharply during market news or sudden equity declines.
Rapid spikes during stress: volatility shocks often cause the uvxy stock price to jump many multiples in short windows when fear spikes across equity markets.
Structural long‑term decay: over extended calm periods when the VIX futures term structure is in contango, roll costs and daily leveraged compounding can lead to a declining uvxy stock price for buy‑and‑hold positions.

Notable historical events and price spikes

The uvxy stock price has shown extreme moves during several market stress events. For example:

During the COVID‑19 market turbulence in early 2020 the uvxy stock price experienced dramatic intraday and multi‑day surges as VIX futures spiked and market participants rushed into volatility exposures.
More recent localized volatility events have produced short, sharp increases in the uvxy stock price as futures prices repriced near‑term risk.

As of 2026‑01‑26, financial news and market data providers continue to reference past volatility shocks when explaining recent spikes in the uvxy stock price.

Volatility of returns and statistical tendencies

The uvxy stock price is highly volatile and exhibits large standard deviation of returns compared to conventional equity ETFs.
Over many multi‑month to multi‑year horizons, expected returns for leveraged short‑term volatility funds can be negative in environments where the VIX futures curve stays in contango—this structural effect is a primary driver of long‑term decay in the uvxy stock price.

Holdings and exposure

Typical holdings are concentrated in front‑month and second‑month VIX futures plus cash or short‑term Treasuries used as collateral.
The fund usually shows a small number of line items because the exposure is concentrated in a futures strip; the uvxy stock price tracks the mark‑to‑market of that futures portfolio after accounting for leverage and fees.
Roll schedules and the weighting between near‑term and second‑term futures determine how sensitivity to changes in the futures curve maps into the uvxy stock price.

Fees, liquidity and trading data

Expense ratio: according to the fund documents, the stated expense ratio is 0.95% (investors should consult the current prospectus for confirmation). This fee reduces NAV and therefore indirectly affects the uvxy stock price over time.
Liquidity and volume: UVXY is often among the most actively traded volatility ETPs; average daily share volume can be substantial, reflecting active speculative and hedging demand. As of 2026‑01‑26, major quote providers continue to show high daily turnover in UVXY shares on many trading days.
Bid/ask spreads can widen materially during volatility events, which impacts the execution price relative to the quoted uvxy stock price.

Practical implication: the combination of fees, roll costs, and spreads means short holding periods are more consistent with the fund’s stated daily objective than buy‑and‑hold exposure.

Risks

Key risks that influence the uvxy stock price include:

Contango and roll yield: when the VIX futures curve is in contango, rolling near‑term futures into farther‑dated contracts can incur persistent losses that depress the uvxy stock price over time.
Leverage and daily reset risk: the 1.5x daily leverage causes compounding effects that can magnify losses or gains and lead to unexpected multi‑day outcomes for the uvxy stock price.
Tracking error: differences between market price and NAV and slippage caused by spreads or execution can produce tracking gaps relative to the target multiple of the index.
Liquidity risk: during market stress the uvxy stock price can diverge from calculated NAV and execution at expected prices becomes more difficult.
Sudden volatility shocks: short‑lived extreme moves can cause very large percentage changes in the uvxy stock price.
Tax and reporting considerations: the tax character of gains/losses and the fund’s reporting may differ from standard equity ETFs; consult the prospectus and tax advisors for specifics.

All of these risks mean the uvxy stock price can move in ways that are surprising to investors unfamiliar with leveraged volatility ETP mechanics.

Typical uses and investor suitability

Common, appropriate uses for UVXY (and therefore points relevant to the uvxy stock price) are:

Short‑term tactical trades: traders seeking to profit from an anticipated near‑term increase in implied volatility may use UVXY to gain leveraged exposure to moves in VIX futures.
Portfolio hedges: some investors use a small allocation to UVXY to hedge concentrated equity downside risk, recognizing high cost and timing challenges.

Who should avoid UVXY:

Long‑term buy‑and‑hold investors generally should avoid relying on the uvxy stock price as a store of value because of the structural decay and path dependency introduced by leverage and futures roll costs.

This fund is best suited for experienced traders who understand short‑term leverage, futures markets, and position sizing.

Trading considerations and best practices

If you monitor the uvxy stock price or plan to trade the fund, consider the following practical guidance:

Monitor intraday NAV and market price: compare the quoted uvxy stock price to intraday NAV to identify large premiums/discounts.
Use limit orders and manage execution: during volatile sessions, market orders can lead to undesirable fills relative to the quoted uvxy stock price.
Tight risk controls and position sizing: because the uvxy stock price can move quickly, set predefined stop levels and small position sizes relative to portfolio risk limits.
Time horizon alignment: align holding period with the fund’s daily objective—UVXY is designed for short‑term tactical use, not long‑term exposure.
Consider alternatives for structured trades: advanced traders may prefer VIX futures or options for precise hedge sizing or to avoid ETF roll and expense drag; these instruments have different margin and operational profiles.

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Tax and regulatory considerations

Tax treatment: the fund’s prospectus contains details on tax reporting and whether distributions generate ordinary income, short‑term capital gains, or other tax items. Consult your tax advisor for personalized guidance.
Regulatory disclosures: all fund risks, fees, and methodologies are disclosed in the prospectus and fund documents. For the latest details that can affect the uvxy stock price (expense changes, structural updates), review the issuer’s official filings.

As of 2026‑01‑26, investors should reference the most recent prospectus and fund fact sheet for authoritative tax and regulatory information.

Alternatives and related ETPs

Products with related exposure or complementary strategies include other VIX‑linked ETPs such as VXX and VIXY, inverse or short volatility products, and funds with different leverage factors. Important differentiators:

Leverage factor: some funds are unlevered, some inverse, and some offer different leveraged multiples. These design differences materially change how the uvxy stock price compares to alternatives.
Methodology: issuers use distinct index methodologies (different futures weighting or roll schedules), so similar‑named volatility ETPs can produce different price paths for an equivalent headline move in VIX futures.

Before trading alternatives, compare methodology, expense, liquidity and historical tracking characteristics alongside the observed uvxy stock price behaviour.

Where to find real‑time price and historical data

Real‑time quotes and historical charts for the uvxy stock price are available via the fund issuer’s official pages, major financial data providers and market terminals. To verify the current uvxy stock price, NAV history and fund documents, consult the fund prospectus and reputable market data vendors. Common sources of live quotes and charting include issuer pages, mainstream financial quote platforms, and professional charting services.

As of 2026‑01‑26, market participants commonly reference issuer disclosures and major quote providers when analyzing the uvxy stock price.

References

Sources used to compile this guide (issuer pages and major market data providers; consult the issuer for official documents):

ProShares (official fund pages and prospectus)
Yahoo Finance (real‑time quotes and historical prices)
TradingView (charting and community analysis)
Nasdaq (market activity and ETF listings)
Investing.com (ETF profiles and data)
Finviz (quote snapshots)
Robinhood (retail quote pages)
CNBC (quote pages and market commentary)
StockAnalysis (ETF data)
StockTwits (community sentiment feed)

As of 2026‑01‑26, according to ProShares the fund’s official documentation confirms the daily 1.5x objective and lists the expense ratio as 0.95%; consult the prospectus for latest quantitative metrics including current assets under management and trailing volume data.