UVIX is trading 12.8% up today as equity volatility surges and the VIX approaches the psychologically important 30 level.
- Risk-off sentiment is intensifying following hawkish Fed commentary and continued weakness in the technology sector.
- Escalating U.S.-Iran tensions are driving increased demand for volatility exposure, lifting VIX futures and leveraged products.
- The 2x long VIX futures ETF is seeing significant gains as the broader market pivots toward a defensive posture.