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CBOEX

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1m

Analysis and statistics

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About

CBOEX.US is the ticker symbol for the CBOE 1-3 Month Treasury Bill ETF. This exchange-traded fund (ETF) seeks to track the investment results of the CBOE 1-3 Month Treasury Bill Index, which is designed to represent the performance of U.S. Treasury bills with maturities between 1 and 3 months. Investors use this ETF to gain exposure to short-term U.S. government debt and as a potential tool for managing cash or reducing portfolio volatility. It is managed by Cboe Vest.
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Factors

Volatility Index (VIX): CBOEX.US funds track VIX futures, thus VIX's movements heavily impact prices. Higher VIX usually boosts fund prices.

VIX Futures Prices: Funds aim to replicate VIX futures performance. Near-term futures contracts' prices directly influence fund NAV.

Supply and Demand: Like any ETF, fund prices fluctuate based on market buying/selling pressure. High demand pushes prices up.

Roll Yield: VIX funds suffer from roll yield (negative carry) due to the contango structure of VIX futures. It erodes fund value.

Fund Management Fees: Expense ratios and management costs are deducted from the fund's NAV, affecting the returns.

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