UVXY - UVXY: GameStop-Driven Spike In Volatility Is Not Over Yet

February, 02 2021 09:52 AM ProShares Ultra VIX Short-Term Futures ETF 2x Shares

CBOE Volatility Index dropped 10% to just above 30 as broader stock market staged a powerful recovery rally to start February.
Technical, sentiment, and seasonality patterns suggest the recent surge in volatility has more room to go.
We expect the short-term volatility ETN and its 1.5x levered peer ProShares Ultra VIX Short-Term Futures ETF to spike to higher highs.
In the long-run, VXX and UVXY are destined to head back to all-time lows when the bull run in broader market resumes course.

For further details see:

Company Name:	ProShares Ultra VIX Short-Term Futures ETF 2x Shares
Stock Symbol:	UVXY
Market:	NYSE