Estimated Next VIXY Reverse Split: June 23, 2023
For a security doomed to decrease in value over time, ProShares’ VIXY does amazingly well. Its volume averages over 8 million shares per day and its assets under management are currently around $270 million, not bad for a product that has averaged a 52% annual loss since its inception in October 2011. This works out to an average loss of almost 6% per month. See …