🔴 UVIX is trading 7.6% down today as equity volatility normalizes after last week’s spike

UVIX is trading 7.6% down today as equity volatility normalizes following last week's volatility shock and gains on July 17.

• Major U.S. indices are trending higher in early trading, signaling a recovery in risk appetite and a sharp decrease in demand for volatility hedges.
• The pullback in VIX futures is putting significant pressure on leveraged long-volatility products like UVIX, which provides 2x exposure to short-term futures.
• Market sentiment is stabilizing as the impact of the recent volatility spike fades, leading to a reversal in defensive positioning across equity markets.