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This exchange-traded fund (ETF) seeks to track the S&P 500 VIX Short-Term Futures Leverage (2.25x) index, which tracks the 2.25 times leveraged performance of the S&P 500 VIX Short-Term Futures, the index that offers exposure to the expected implied short-term volatility of the S&P 500 index.These products are designed to be held for very short time frames and there is no guarantee that they will replicate the performance of the underlying index beyond one day.
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