Fund Description
The investment seeks to replicate, net of expenses, the inverse (opposite) of the return of the S&P 500 VIX Short-Term Futures index for a single day. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. The VIX is a commonly followed measure of the expected volatility of the S&P 500 over the next 30 days. However, since VIX is not directly investable, exposure to equity volatility is often obtained though VIX futures. The VIX Fund intends to meet its investment objective by taking long or short positions in VIX futures contracts.
Fund Snapshot Updated 05.20.2013
| Previous Close | $93.07 | Expense Ratio | 0.95% |
| YTD Return | 41.8% | Avg. 30-Day Volume | 740,994 |
| 1-Year Return | 144.8% | Market Cap | Loading... |
| Bid | $92.86 | Shares Outstanding | 750,000 |
| Ask | $92.93 | Dividends | $0.00 |
