Any idea when this will happen again or there a possibility it won't?
UVXY next reverse split
- Thread starter SoCalOptionsWriter
- Start date
Been wondering when it will occur myself!
I am not sure it matters unless they change fund managers. I bought some 2,3 years ago and I have been down 85,90 percent for over a year. I hang on hoping there might be a flash crash or something to spike the vix, but it has not happened yet. Covid, Ukraine, financial rumors, elections.....nothing seems to make it move.
It has to be manipulated.
Trailing Total Returns
Market Return %
(as of 04/30/2023) NAV Return %
(as of 04/30/2023) Market Return %
(as of 03/31/2023) NAV Return %
(as of 03/31/2023)
1-Month -23.44% -23.42% -6.81% -6.75%
3-Month -27.49% -27.67% -32.22% -32.67%
6-Month -63.71% -63.80% -63.81% -64.08%
Year-to-date -48.10% -48.44% -32.22% -32.67%
1-Year -80.51% -80.70% -65.45% -65.76%
3-Year -79.60% -79.76% -80.05% -80.08%
5-Year -65.74% -65.77% -65.32% -65.53%
10-Year -76.13% -76.13% -76.13% -76.13%
Since Inception -100.00% -100.00% -100.00% -100.00%
Inception Date: October 03, 2011
It has to be manipulated.
Trailing Total Returns
Market Return %
(as of 04/30/2023) NAV Return %
(as of 04/30/2023) Market Return %
(as of 03/31/2023) NAV Return %
(as of 03/31/2023)
1-Month -23.44% -23.42% -6.81% -6.75%
3-Month -27.49% -27.67% -32.22% -32.67%
6-Month -63.71% -63.80% -63.81% -64.08%
Year-to-date -48.10% -48.44% -32.22% -32.67%
1-Year -80.51% -80.70% -65.45% -65.76%
3-Year -79.60% -79.76% -80.05% -80.08%
5-Year -65.74% -65.77% -65.32% -65.53%
10-Year -76.13% -76.13% -76.13% -76.13%
Since Inception -100.00% -100.00% -100.00% -100.00%
Inception Date: October 03, 2011
UVXY finally had a 1 to 10 reverse split today, although they probably should have done a 1 to 20 or higher.
.I have owned it for 2 years waiting for it to turn around.
I am down about 85 percent just like your chart suggests.
I have nothing to lose by waiting.
But, even if the market goes down, the people in charge of the fund can still screw it up if he does not know what he is doing, or his timing is off.
They have been wrong for the last few years, no reason to believe it will change now.
You're just saying that right? As a joke?
Tell me you didn't buy and hold an ultra for 2 years.
For real.
My experience trading these VIX products is the easy money is to go short the VIX above 30. Going long VIX is very difficult since the market goes up like 70+% of the time. If you are long the VIX you are trying to predict volatility events in the indices which is difficult.
I mean the interest rates have been rising pretty much since the SVB/Signature collapse in early March and yet the markets keep going higher. So even this fundamental analysis would not have helped you to predict a volatility spike.
I mean the interest rates have been rising pretty much since the SVB/Signature collapse in early March and yet the markets keep going higher. So even this fundamental analysis would not have helped you to predict a volatility spike.
To value buying UVXY/UVIX as a trading strategy, we would need someone like Calhoun to disclose his profit/loss in various time intervals the last 3 years. I'm inclined to think he's lost money over this time period on the trades overall. But he'll never honestly disclose this information.
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