🟢 Trading--Leveraged Equity ETF (UVIX) is trading 2.07% up despite weaker volatility measures

UVIX is trading at $47.33, up 2.07% during the August 13, 2026 session, despite a risk-on backdrop and weaker volatility measures.

• July PPI was flat month over month and below expectations, while stocks rallied.
• VIX futures were lower, and available evidence does not identify a clear catalyst for UVIX’s upside move.
• The move conflicts with UVIX’s usual exposure to short-term volatility.