UVIX is trading 2.6% down today as equity market volatility continues to retreat following the softer June CPI report released on July 14, 2026.
- Cooling inflation has reduced expectations of further Fed rate hikes, lifting stock indices and weakening demand for near-term volatility hedges.
- The decline in hedging demand is pressuring VIX futures, which directly impacts the performance of this 2x long-volatility product.