One of the exchange-traded funds (ETFs) taking losses, $797 million ProShares Short VIX Short-Term Futures ETF, is halving its mandate. 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 fund has been trading at a premium to VIX since early February, when it was down about 10% from its peak.
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 fund has been trading at a premium to VIX since early February, when it was down about 10% from its peak.