ProShares - Short VIX Short-Term Futures ETF
SVXY
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Oct 3, 2011
- CIK
- 0001415311
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Short VIX Short-Term Futures ETF (SVXY), issued by ProShares Trust II and managed by ProShare Advisors LLC, seeks daily investment results that correspond to -0.5 times the performance of the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts having a weighted average of one month to expiration; the fund provides inverse exposure to short-term VIX futures contracts, primarily the first- and second-month contracts, through investments in derivatives such as futures, swaps, and cash equivalents including U.S. Treasury securities and money market instruments. SVXY is listed on the Cboe BZX Exchange under the ticker SVXY with CUSIP 74347W130, offers quarterly distributions, and generates a K-1 tax form as a commodity pool under the Commodity Exchange Act. ProShares Trust II operates from Bethesda, Maryland, where ProShare Capital Management LLC serves as sponsor. In October 2025, ProShares surpassed $100 billion in assets under management, reflecting robust growth across its ETF lineup including SVXY, and strengthened its distribution capabilities by hiring three regional vice presidents: Chad Brand for Southern California, Mike Hart for New York City and surrounding areas, and Matt Zorumski for Florida. The firm expanded its product offerings in 2025 with launches such as the first dynamic buffer ETFs in June, single-stock 2x leveraged ETFs targeting Coinbase, Nvidia, Palantir, and Tesla in September, and its inaugural interval fund focused on private equity strategies in October, alongside opening a new office in New York’s Hudson Yards. Notably, SVXY’s daily target multiple adjusted from -1x to -0.5x effective February 27, 2018, following the closure of similar products like XIV, to mitigate volatility risks amid VIX futures contango and mean-reversion dynamics. ProShares Trust II, part of the ProShares family founded in 1999 and pioneering leveraged and inverse ETFs since 2006, targets sophisticated investors seeking tactical volatility exposure; SVXY caters to those betting on declining S&P 500 implied volatility as measured by VIX futures, with operations primarily in the U.S. market through exchange-traded shares available to retail and institutional investors globally via U.S. exchanges. The fund holds short positions in VIX futures contracts, such as CBOE VIX Future JAN26 comprising about 50% of exposure, balanced by net other assets and cash. Distributed by SEI Investments Distribution Co., SVXY maintains a 0.95% expense ratio and supports options trading, underscoring ProShares' focus on innovative, high-conviction volatility strategies.