Previous Close | 41.83 |
Open | 41.99 |
Bid | 0.00 x 2200 |
Ask | 0.00 x 2200 |
Day's Range | 40.57 - 42.07 |
52 Week Range | 22.82 - 50.90 |
Volume | 52,798 |
Avg. Volume | 80,673 |
Net Assets | 72.08M |
NAV | 41.78 |
PE Ratio (TTM) | N/A |
Yield | 0.00% |
YTD Daily Total Return | 13.75% |
Beta (5Y Monthly) | 0.47 |
Expense Ratio (net) | 0.87% |
Inception Date | 2011-01-03 |
Volatility surged to the highest levels since 2008 in March as a result of the coronavirus pandemic and its dramatic impact on the global and U.S. economy. That upheaval may not end anytime soon. Many investors have sought to profit from wild market swings like these through volatility ETFs, many of them linked to the Chicago Board Options Exchange Market Volatility Index (VIX).
ProShares, a premier provider of ETFs, today announced that it will transfer the listing of four ProShares ETFs from NYSE Arca to the Cboe BZX Exchange on or about December 16, 2020.
These were last week’s top performing ETFs. We’ve excluded funds which use leverage or make inverse bets on their underlying assets. This week was all about that volatility! Our top two performers for last week are based on VIX short term futures and made gains over 13%. Mid-term VIX fund, ProShares VIX Mid-Term Futures ETF (VIXM A+), lagged by 10% but was still profitable. An interesting addition this week is the GS Connect S&P GSCI Enhanced Commodity ETN (GSC C+). GSC gives investors access to the futures markets as an ETN, so it doesn’t have any actual holdings, but the backing bank promises to pay investors returns based on theoretical allocations. GSC is part of the newer generation of commodity funds that try to optimize their returns based on a rolling contract schedule in an effort to beat the effects of contango. Interestingly this fund has been closed for creations since June 2015, so investors looking to buy in may be subject to premiums not indicative of the underlying value.