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ProShares Ultra VIX Short-Term Futures ETF (UVXY) could be a great long-term investment

What’s up with ProShares Ultra VIX Short-Term Futures ETF?

ProShares Ultra VIX Short-Term Futures ETF (UVXY) opened at $41.31, which means the stock is up 14.55% from yesterday’s closing price of 41.93. Today, the company has a high of $49.03 and a low of $46.07. The company has a market cap of $592.68 million with a 52-week high of $135.00 and a 52-week low of $10.40.

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What about the future for ProShares Ultra VIX Short-Term Futures ETF

The high forecast for ProShares Ultra VIX Short-Term Futures ETF is 90.00 while the low is 60.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. ProShares Ultra VIX Short-Term Futures ETF has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information UVXY seems to be a safe buy.

About ProShares Ultra VIX Short-Term Futures ETF
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.

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