Uvix stock price forecast latest UVIX stock price forecast

Latest UVIX stock price forecast analysis factors in Fed rate expectations, indicating that hawkish surprises could push UVIX above 12 USD temporarily. Volatility spikes historically correlate with policy uncertainty, offering traders possible short-window opportunities. The underlying GraniteShares 2x Long MU Daily ETF seeks daily investment results, before fees and expenses, of 2 times the daily percentage change of the common stock of Micron Technology Inc. Theexpense ratio of the ETF is 1.50%. UVIX offers daily 2x leveraged exposure to short-term VIX futures, designed to capture the implied volatility of the S&P 500, in a commodity pool wrapper. As a geared product, UVIX is designed as a short-term trading tool and not a long-term investment vehicle. Returns over holding periods greater than one day can be, and often are, significantly different from 2x. Like its peer products, UVIX does not deliver leveraged returns on the VIX index itself, but on front- and second-month futures contracts that are rolled daily. Structured as a commodity pool, investors will get K-1 at tax time but avoid the counterparty risk of an exchange-traded note. Technical charting in current UVIX stock price forecast reveals a support zone near 9.60 USD and resistance near 11.40 USD. RSI and MACD patterns suggest potential breakouts when VIX futures volume surges above monthly averages.