ProShares Short VIX Short-Term Futures ETF Price & Performance (SVXY)

The ProShares Ultra VIX Short-Term Futures ETF (UVXY) dropped 6.47% to $32.94, extending a steep 10-day slide, while ProShares Short VIX Short-Term Futures ETF (SVXY) gained 3.3% to $35.72. UVXY’s technicals show high risk and volatility, while SVXY faces a negative outlook despite short-term gains, reflecting mixed market sentiment.123

ProShares VIX Short-Term Futures ETF (VIXY) and SVXY continue to attract traders seeking volatility exposure. VIXY, tracking VIX futures, offers hedging but suffers from value decay in calm markets. SVXY, which shorts volatility, is also highly risky and sensitive to sudden market swings, underscoring the complexity of volatility-based ETFs.45

SVXY’s market price rose to $36.35 on April 23, with trading volume surpassing 2.4 million shares. The ETF’s portfolio is dominated by VIX futures and cash, aligning with its mandate to inverse-track volatility. Despite the uptick, analysts warn of inherent risks and potential for sharp reversals in volatile conditions.67