Convexity Daily 1x SPIKES Futures ETF (NYSE: SPKX) was trading over 2% higher on Thursday, bouncing up from near the $9 level, which acted as support over the last four trading sessions, holding the ETF up from continuing in a downtrend pattern.
SPKX is a fund that tracks the SPIKES Futures Short-Term Index and measures volatility in broad-based equities in a similar way to ProShares Ultra VIX Short Term Futures ETF (NYSE: UVXY), which tracks the movement of the S&P 500 VIX Short-Term Futures Index.
