- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jan 4, 2011
- Business
- ProShares VIX Short-Term Futures ETF (VIXY) is an exchange-traded fund that seeks investment results, before fees and expenses, that correspond to the performance of the S&P 500 VIX Short-Term Futures Index. The fund provides exposure to a portfolio of first- and second-month VIX futures contracts traded on the CBOE Futures Exchange with an average maturity of one month, rolling positions daily to maintain consistent short-term exposure; it holds VIX futures contracts, cash equivalents, and related financial instruments. VIXY targets investors seeking to profit from increases in expected S&P 500 volatility over the next 30 days, as measured by the CBOE Volatility Index (VIX), and is designed for short-term trading horizons due to risks from contango, volatility reversion, and daily resets.
Launched on January 3, 2011, with ticker VIXY and CUSIP 74347Y730, the ETF is issued by ProShares Trust II and managed by ProShare Advisors LLC, part of ProShares, a Bethesda, Maryland-based firm founded in 2006 that pioneered inverse and leveraged ETFs. The fund operates primarily in the U.S. markets, listing on NYSE Arca with options available, quarterly distributions, and an expense ratio of 0.85%; its holdings as of late 2025 consist predominantly of CBOE VIX Future contracts maturing in January 2026 alongside net other assets and cash. ProShares, headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland, oversees over $95 billion in assets across a broad lineup of strategic, geared, and volatility-focused ETFs.
In recent developments, ProShares announced a series of ETF share splits in November 2025, including forward and reverse splits effective prior to market open on November 20, 2025, to adjust share prices and enhance liquidity across its portfolio, though specific application to VIXY was not detailed in the announcement. The firm strengthened its distribution capabilities in September 2025 by hiring three regional vice presidents—Chad Brand, Mike Hart, and Matt Zorumski—to support financial advisors amid product expansion. ProShares also reached a milestone of over $100 billion in assets under management by late 2025, reflecting growth in innovative ETFs, and expanded its New York presence with a new Hudson Yards office while launching new single-stock and cryptocurrency-linked ETFs targeting 2x daily returns for assets like Coinbase, Nvidia, Solana, and XRP.