ProShares VIX Mid-Term Futures ETF

ProShares VIX Mid-Term Futures ETF is an exchange-traded fund designed to track the performance of the S&P 500 VIX Mid-Term Futures Index. This financial asset primarily serves the purpose of providing investors exposure to volatility by focusing on futures contracts tied to the CBOE Volatility Index, commonly known as the VIX. Unlike short-term VIX futures, mid-term futures cover a longer time horizon, typically ranging from four to seven months. This ETF is employed by investors and traders who seek to hedge against market downturns or capitalize on market turbulence over a medium-term perspective. ProShares VIX Mid-Term Futures ETF has a significant role in the financial markets, particularly for those looking to diversify investment portfolios with assets that exhibit low correlation to equities and bonds. It impacts sectors sensitive to market volatility, such as hedge funds, institutional investors, and risk management strategists. By providing a mechanism to gain exposure to volatility without directly trading futures, this ETF stands out for its ability to offer a smoother volatility exposure relative to short-term VIX instruments, making it a notable tool in the toolkit of sophisticated market participants.