VS Trust
AI Executive Summary
AI-powered analysis of 10-Q filing content
VS Trust operates highly volatile VIX-based ETFs with extreme leverage exposure. The -1x Short VIX ETF lost $80.3M in Q1 2026 vs $32.6M loss in Q1 2025, while the 2x Long VIX ETF gained $217.9M vs $80.8M prior year. Both funds show massive accumulated deficits and extreme NAV volatility indicating structural decay.
Red Flags Detected (5)
2x Long VIX ETF has accumulated deficit of $820.6M against only $288.9M net assets
Short VIX ETF realized futures losses of $57.5M in single quarter
NAV per share declined from $24.26 to $15.73 for Short ETF (35% drop)
2 more red flags detected
Key Takeaways
These are extremely high-risk volatility products designed for short-term trading
Both funds experience structural decay over time due to futures contango
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.