🟢 UVIX is trading 2.9% up today as Fed meeting and tech selloff drive volatility demand

UVIX is trading 2.9% higher today as a cautious market tone and a selloff in megacap tech stocks fuel demand for volatility-linked products.

• Investors are bracing for the outcome of a two-day Federal Reserve meeting and monitoring geopolitical tensions in the Strait of Hormuz.
• The ETF, which provides 2x leveraged exposure to VIX futures, is benefiting from a sharp decline in semiconductor and tech shares which is pressuring risk assets.
• Implied equity volatility is ticking higher as the market shifts toward a defensive posture ahead of key economic catalysts.