CBOE VIX Volatility Index down slightly on Wednesday.
The CBOE VIX (NYSEARCA:VXX) finished slightly lower on Wednesday, as Wall Street’s equities rally wavered after a solid Tuesday session.
The Chicago Board Options Exchange (CBOE) Volatility Index settled down 1.1% at 20.24, on a scale of 1-100 where 20 represents the historic mean. The so-called “fear index” reached a session high near 22 earlier in the day as geopolitical risks rattled markets.
In equities, the large-cap S&P 500 Index (NYSEARCA:VXX) declined 0.5% on Wednesday.
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 advanced 0.8%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 0.6%.
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 advanced 1.3%.
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 1.7%.
The Final Word: The VIX was relatively calm on Wednesday, but that could soon change as investors brace for a U.S.-Russia confrontation in Syria.