CBOE VIX Volatility Index little changed on Monday.
The CBOE VIX (NYSEARCA:VXX) held within a narrow range on Monday, as markets cheered the announcement of a new North American free trade agreement.
The Chicago Board Options Exchange (CBOE) Volatility Index eventually settled up 0.6% at 12.17. The so-called “fear index” finished the month of September roughly where it started, signaling upbeat trading conditions on Wall Street.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) climbed 0.4% on Monday.
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 1.1%.
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 0.4%
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 1.9%.
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 2.3%.
The Final Word: Markets breathed a collective sigh of relief Sunday night after Canada and the United States agreed in principle on a new free trade agreement. The new deal is expected to be ratified in two months.