Amid AUM Exodus, ProShares Slashes VIX ETF Leverage [zero hedge]
ProShares Equities for Rising Rates ETF (EQRR)
US:NASDAQ Investor Relations:
proshares.com/funds/eqrr.html
Company Research
Source: zero hedge
ProShares saw a stunning, record-smashing $850 million crash in assets-under-management flood out of their VIX ETF complex in February... and so they needed to do something!!Almost 50% of their AUM just evaporated...And so ProShares has decided to slash the leverage of their two levered VIX ETF funds - SVXY (from 2x to 1.5x) and UVXY (from -1x to -0.5x)...ProShare Capital Management today announced that the investment objective of two of its ETFs will change effective as of close of business on February 27, 2018.ProShares Ultra VIX Short-Term Futures ETF (NYSE Arca: UVXY) will change its investment objective to seek 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 ("Index") for a single day.The Fund's investment objective currently is to seek results (before fees and expenses) that correspond to two times (2x) the performance of the Index for a single day. If the Fund were successful in meet
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