🔴 Leveraged Volatility ETF (UVIX) is trading 3.2% down today as firmer U.S. futures ease volatility demand

UVIX is trading 3.2% down as firmer U.S. equity futures and a nearly unchanged VIX reduce immediate demand for leveraged volatility exposure.

• The VIX is near 15.86; Treasury yields eased ahead of the 14:00 ET FOMC Minutes, supporting risk stabilization.
• The decline reverses part of Tuesday’s spike, when Middle East tensions, higher oil and elevated yields pressured stocks.
• Global macro risk, not an individual company, remains key: the August 18 U.S.-Iran ceasefire breakdown lifted oil and long-term yields, driving a technology-led selloff.