🔴 UVIX is trading 4.4% down today as volatility sinks on improved risk sentiment

UVIX is trading 4.4% down today as volatility sinks amid improving risk sentiment and a rebound in U.S. equities.

• Sharply lower oil prices, following a pause in U.S.–Iran hostilities, are driving a recovery in stocks and pressuring leveraged volatility products.
• Investors are rotating back into risk assets, significantly reducing demand for downside hedges.
• The decline in VIX futures is weighing heavily on the ETF despite relatively modest moves in headline market indices.