CBOE VIX Volatility Index rises fresh two-month highs.
The CBOE VIX (NYSEARCA:VXX) rose on Monday, reaching its highest level since September as stocks posted tepid gains.
The Chicago Board Options Exchange (CBOE) Volatility Index gained 0.21 points, or 1.9%, to 11.50. That was the fifth gain in the last six sessions and the highest settlement since September 8. The index touched a session high of 12.18.
The large-cap S&P 500 Index (NYSEARCA:SPY) finished 0.1% higher 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 advanced 0.3%.
VelocityShares Daily Inverse VIX Short Term Futures ETN: (NYSEARCA:XIV) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. XIV declined 0.3%.
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 0.9%.
VelocityShares Daily Short Term VIX 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 0.8%.
The Final Word: Volatility is creeping higher, a sign that the equities boom is beginning to slow after months of large gains. The VIX is showing early sign of mean reversion, but remains extremely low by historical standards.