🔴 UVIX is trading 4.4% down today as equity markets rebound and risk appetite improves

UVIX is trading 4.4% down today as equity markets rebound and risk appetite improves following last week’s tech-led selloff.

• A shift toward a risk-on environment is pushing VIX futures lower, with U.S. futures and major indices trending higher.
• Easing tensions between the U.S. and Iran have led to a sharp drop in oil prices, further reducing demand for volatility hedges.
• Leveraged volatility products like the 2x Long VIX Futures ETF are seeing significant downward pressure as market volatility retreats.