I used to have a strategy involving UVXY that was making good returns from october 2023 untill around early February when i realized there must be a misunderstanding in how i thought this ETF works exactly. To my understanding it offers exposure to an index comprised of first and second month VIX futures contracts where first month contracts get rolled over into two month contracts on a daily basis. Im still new to learning about trading futures ETFs and would like to know where i can start to figure out how the finances of these type of ETFs work and how they track market uptrends and downtrends.
