Did Your Broker Recommend the High-Risk Leveraged ETF, ProShares Ultra VIX Short-Term Futures (UVXY)?

Did your broker/financial advisor recommend this high-risk leveraged ETF for your otherwise conservative or moderate portfolio?
ProShares Ultra VIX Short-Term Futures (UVXY)
52 week range:  32.02 – 664
This investment seeks daily results that match (before fees and expenses) two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the return from a rolling long position in the first and second month VIX futures contracts.
Leveraged ETFs are typically used by traders who wish to speculate on an index, or to take advantage of the index's short-term momentum. Due to the high-risk, high-cost structure of leveraged ETFs, they are rarely used as long-term investments or for investors with conservative to moderate investment portfolios. In many cases, traders hold positions in leveraged ETFs for just a few days or less. Many brokers do not educate their clients of the nature of these products which can be devastating.
The Standard & Poor’s 500 stock index rose 9.3% in the first half of this year, and the international MSCI EAFE index jumped 11.8%. But some funds and ETFs managed to post losses, such as the leveraged ProShares Ultra VIX Short-term Futures ETF (UVXY), an 80% loss to investors. Many ETFs posted a loss in the first half of this year.
If your broker recommended ProShares Ultra VIX Short-Term Futures (UVXY) or any other high-risk leveraged ETF for your otherwise conservative portfolio and did not explain the ramifications of holding this very risky leveraged ETF, call Soreide Law Group and speak to an experienced securities lawyer at no cost to you regarding the possible recovery of your investment losses.  Call 888-760-6552.
We represent clients nationwide before FINRA and operate on a contingency fee.  Let our experience work for you.