21% Surge Shows Why Investors Love a Complex Product
- UVXY was the best-performing major U.S. ETF in Monday selloff
- UBS agreed to pay $8.1 million to SEC over VIX-linked note
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On the very day U.S. regulators announced the latest fine related to complex volatility products, market gyrations showed just why these controversial strategies are in hot demand on Wall Street.
As stocks sank Monday and the Cboe Volatility Index spiked, the ProShares Ultra VIX Short-Term Futures ETF (ticker UVXY) jumped 21% -- trouncing almost every U.S. exchange-traded fund out there.