VegaShares Targets Inverse VIX Exposure With Tail-Risk Hedge

The VegaShares Short Volatility Premium Income ETF seeks daily inverse exposure of roughly -0.1x to -0.8x to a short-term VIX futures index, while using a dedicated options overlay to hedge against volatility spikes. The strategy combines short volatility exposure through VIX-linked futures and options with long call options and call spreads designed to provide protection during extreme market stress. The actively-managed fund also aims to generate income and distribute it monthly. As with other daily reset inverse products, returns over periods longer than one day may differ significantly from the stated exposure target due to compounding and volatility effects.