CBOE VIX Volatility Index hovers within narrow range on Friday.
The CBOE VIX (NYSEARCA;VXX) traded within a narrow range on Friday, as stocks eked out gains ahead of a myriad of high-profile events next week.
The Chicago Board Options Exchange (CBOE) Volatility Index edged up 0.2% to close at 12.15. The so-called “fear index” reached a session high of 13.31 on a scale of 1-100 where 20 represents the historic average.
In stocks, the S&P 500 Index (NYSEARCA:SPY) rose 0.3% on Friday.
Major VIX ETFs:
iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA:VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second month VIX Futures contracts. VXX declined 0.6%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 0.3%.
ProShares Ultra Short Term VIX Futures: (NYSEARCA:UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY declined 1.1%.
VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA:TVIX) TVIX is a leveraged VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIX declined 1.8%.
The Final Word: Volatility continues to hover at the lower end of its historical range, but that could soon change as monetary policy dominates investors’ attention.