2x Long VIX Futures ETF

The Fund seeks daily investment results that correspond to twice (2X) the performance of the Long VIX Futures Index for a single day. Under normal market conditions, the Fund will comprise long positions, on first and second month VIX futures contracts. The Commodity Sub-Adviser uses a mathematical approach to investing.

Technical Observation (on the daily chart): 

UVIX's price has found support at crucial levels and is starting to rise, suggesting a potential change in structure. However, given the recent uptrend, the price may consolidate before continuing any further upward movement. The 14-day Relative Strength Index (RSI) is hovering near oversold territory, indicating the possibility of a pullback to the downside. Additionally, the price is trading above its 50-day Simple Moving Average (SMA), which may serve as a support level in the near future. Key support and resistance levels will be important areas of supply and demand.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 11, 2025 (12:50 pm EST). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.