VTIX is trading at $6.43 (-5.72%) as the stock tracks a broader market selloff triggered by weak employment data and rising geopolitical tensions.
- Major indices are under pressure, with the S&P 500 (-1.42%) and NASDAQ (-1.38%) falling after unemployment rose to 4.4% and non-farm payrolls dropped by 92K.
- The stock continues to face headwinds from yesterday's Q3 earnings report, which featured a 24% revenue decline to $1M and an EPS of -$0.09.
- Escalating Middle East tensions are driving oil prices higher, further impacting investor appetite for risk across the equity markets.