The investment seeks to replicate, net of expenses, twice the return of the S&P 500 VIX Short-Term Futures index for a single day. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. The VIX is a commonly followed measure of the expected volatility of the S&P 500 over the next 30 days. However, since VIX is not directly investable, exposure to equity volatility is often obtained though VIX futures.
|Total net assets|
293.64m USDAs of Apr 30 2013
|Market cap||430.35m USD|
|Average volume (10-day)||24.08m|
|Net expense ratio||1.56%|
|Available for sale||United States|
Top 5 sectors
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
|Cboe Vix Future 04/16/2013 (Uxj3)||--||122.20%|
|Cboe Vix Future 05/21/2013 (Uxk3)||--||78.24%|