Ultra VIX Short-Term Futures ETF
ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index.
http://www.proshares.com/funds/uvxy.html
This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.
This Ultra ProShares ETF seeks a return that is 2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.
It is strongly recommended that before investing in funds like this you understand the basics of volatility. If the terms contango, backwardation, VIX term structure, negative roll yield, NAV, etc are unfamiliar to you, please make sure to research before investing.
Need more resources on volatility investing? Check out the following:
http://vixandmore.blogspot.com/
http://sixfigureinvesting.com/
http://www.investopedia.com/terms/