ProShares VIX Mid-Term Futures ETF

ProShares VIX Mid-Term Futures ETF is an exchange-traded fund designed to provide exposure to mid-term VIX futures linked to expected volatility in the U.S. equity market. The fund seeks to track the performance of the S&P 500 VIX Mid-Term Futures Index by holding a rolling portfolio of VIX futures contracts with an average maturity of about five months, along with cash and cash equivalents used as collateral and for liquidity management. ProShares VIX Mid-Term Futures ETF is used by market participants looking for a listed vehicle that reflects changes in implied volatility over a medium-term horizon rather than direct equity market exposure. The fund is part of ProShares’ volatility ETF lineup and is commonly used as a tactical tool within broader portfolio strategies focused on volatility-sensitive market conditions.