CBOE VIX Volatility Index hovers within a narrow range on Wednesday.
The CBOE VIX (VXX) was little changed on Wednesday, as stocks extended record highs on better than expected data.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, traded within a quarter point on Wednesday. The so-called “investor fear index” settled at 11.60, where it was little changed.
In stocks, the large-cap S&P 500 Index (SPY) rose 0.4% on Wednesday.
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 0.5%.
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 0.2%.
ProShares Ultra Short Term VIX Futures: (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 0.8%.
VelocityShares Daily 2x VIX Short Term Futures ETN (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 1.3%.
The Final Word: Volatility is muted heading into Thanksgiving. There’s strong reason to believe that stocks are headed for new all-time highs leading into the New Year as seasonal influences take hold.