🔴 UVIX is trading 6.51% down today as volatility retreats following a tech-led selloff

UVIX is trading down 6.51% at $58.01 as volatility retreats following a late-week tech-led selloff.

• Equity futures are trending higher and oil prices have dropped sharply, signaling improved global risk appetite.
• The shift in market sentiment is pressuring VIX futures and leveraged long-volatility products like UVIX.
• The current price represents a significant move from the prior close of $62.05.