🔴 Leveraged Volatility ETF (UVIX) is trading 2.7% down in pre-market as firmer U.S. futures ease volatility

UVIX is trading at $45.70, down -2.70% in pre-market as higher S&P 500, Nasdaq, and Dow futures reduce immediate demand for volatility protection.

• The VIX is near 15.86, little changed, while the 10-year Treasury yield eased to 4.69%.
• Persistent Middle East tensions and crude near $91.6 limit the decline as investors await FOMC minutes.
• UVIX targets twice the daily performance of first- and second-month VIX futures, amplifying changes in volatility sentiment.