ProShare Capital Management is taming two of its exchange - traded funds ( ETFs ) with short moves to the CBOE Index Index ( VIX ) after such funds fell by more than 50 % in one day during February 's market selloff . The firm is looking to reduce the time the ETFs are required to move in response to volatility fluctuations , minimising losses should there be an uptick in price growth .
ProShare Capital Management is taming two of its exchange-traded funds (ETFs) with short exposure to the CBOE Volatility Index (VIX) after such products fell by more than 90% in one day during February's market selloff. The firm is looking to reduce the amount the ETFs are designed to move in response to volatility fluctuations, minimising losses should there be an uptick in price swings.