At the start of the year, we highlighted some of top ways to prep for volatility.
In fact, we said, “Fear is running wild on the Street. But don’t panic. Use it to your advantage. At the moment, the major indices are taking a hit on earnings, inflation, and the likelihood of near-term interest rate hikes. With volatility likely to stick around, we can try to profit from it by using VIX ETFs and ETNs.”
And so far so good…
All thanks to inflation, conflict around the world, and fears of a recession.
ProShares Ultra VIX Short-Term Futures ETF (UVXY)
The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. When we brought the UVXY to your attention, it traded at $13.13. It’s now up to $14.85, and could push higher
iPath S&P 500 VIX Short-Term Futures (VXX)
The VXX ETN provides exposure to the S&P 500 VIX Short-Term Futures Index. When we brought the VXX to your attention, it traded at $19.30. It’s now up to $23.35, and could push higher.
ProShares VIX Short-Term Futures ETF (VIXY)
ProShares VIX Short-Term Futures ETF provides long exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration. When we brought the VIXY to your attention, it traded at $15.76. It’s now up to $18.50, and could push higher
