The CBOE VIX Volatility Index edged slightly lower on Friday.
The CBOE VIX (VXX) was rangebound on Friday, as investors continued to monitor corporate earnings.
The Chicago Board Options Exchange Volatility Index traded between 23.55 and 26.41 on a scale of 1-100 where 20 represents the historic average. It would eventually settle down 3% at 24.00.
In stocks, the large-cap S&P 500 Index (SPY) rose 0.8% on Friday.
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 1.9%.
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 1.4%.
ProShares Ultra Short Term VIX Futures: (UVXY) UVXY is designed to deliver 1.5X (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 3.2%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Friday, more than 17.4 million people had been infected with the novel disease, including 4.5 million in the United States.