CBOE VIX Volatility Index edges slightly lower on Friday.
The CBOE VIX (NYSEARCA:VXX) traded within a narrow range on Friday, as equity markets flat-lined following their best quarter in five years.
The Chicago Board Options Exchange (CBOE) Volatility Index fluctuated less than 1 point peak-to-trough, eventually settling at 12.12. That represents a decline of 2.3% compared with Thursday. Vol was little changed compared with one month ago.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) traded flat 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 0.2%.
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 0.5%
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 0.1%.
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 advanced 0.1%.
The Final Word: Stocks are rounding out their best quarter in five years, as pro-growth optimism kept trade fears at bay. It remains to be seen whether this narrative can survive another month or whether political uncertainty and an escalating tariff war will begin to wear down bullish sentiment.