ProShares Ultra VIX Short-Term Futures ETF (NYSEArca: UVXY), a volatility-linked exchange traded fund, is seeing trading activity increase. More than 9 million shares traded on Thursday, a record.

Volume in UVXY is trending higher after a competitor suspended new share issuance in a similar product following a swift rise in assets. [Volatility ETF Trading Volume Spikes]

The ETF is designed to deliver 200% daily leverage on an index of short-term VIX futures.

UVXY has scheduled a reverse split for later this month. [ProShares Sets Reverse Split for UVXY]

ProShares Ultra VIX Short-Term Futures ETF

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