🔴 Trading--Leveraged Equity ETF (UVIX) is trading 3.09% down today as VIX futures weakened

UVIX is trading at $47.68 (-3.09%) after in-line July CPI reduced immediate inflation and Fed-policy uncertainty, while weaker VIX futures pressured the fund.

• Stocks moved higher after the release.
• The VIX declined to approximately 15.11, while VIX futures also weakened, directly pressuring UVIX.
• UVIX targets 2x daily exposure to front- and second-month VIX futures, amplifying the volatility decline.