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[$$] One Year After VIX Blowup, Investors Still Feel Sting of Volatility Bets

The ProShares Short VIX Short-Term Futures ETF is a way for investors to make bearish bets on volatility. Investors can also use futures contracts tied to the Cboe Volatility Index, Wall Street’s fear gauge, or derivatives like options to make such bets. Speculators, a group that includes hedge-fund investors, trimmed bearish VIX bets late last year, as they anticipated greater turbulence in the market.