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UIVM

$--
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1d
1w
1m

Analysis and statistics

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About

UIVM.US represents the ProShares Ultra Value, an exchange-traded fund (ETF). This fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Russell 1000 Value Index. The Russell 1000 Value Index measures the performance of the large- and mid-capitalization value segment of the U.S. equity market. As a leveraged ETF, UIVM is designed for sophisticated investors who actively monitor their investments and understand the risks associated with amplified returns and potential for amplified losses, particularly when held for longer periods. Its performance can deviate significantly from the underlying index over time due to the effects of compounding.
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Factors

Underlying Index Performance: UIVM.US's price heavily depends on the performance of the S&P 500 VIX Short-Term Futures Index it tracks.

VIX Futures Prices: Changes in VIX futures contracts directly influence the ETF's value, as it holds these contracts.

Market Volatility: Increased market volatility typically drives up VIX futures prices, impacting UIVM.US positively. Conversely, decreased volatility can lower its value.

Roll Yield: The cost of rolling over VIX futures contracts can significantly affect returns, especially if futures prices are higher than spot prices (contango).

Supply and Demand: Like any ETF, supply and demand dynamics for UIVM.US shares can cause price fluctuations.

Time Decay: VIX futures, and consequently UIVM.US, experience time decay, losing value as they approach expiration.

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