CBOE VIX Volatility Index holds steady as stocks lose record territory.
The CBOE VIX (NYSEARCA:VXX) was little changed on Thursday, as markets digested minor losses at the start of earnings season.
The Chicago Board Options Exchange (CBOE) Volatility Index closed at 9.91, having traded within a daily range of 9.65 and 10.33. The fear index has mostly traded below the double-digit mark for the last three weeks as volatility remained a non-issue for investors.
The large-cap S&P 500 Index (NYSEARCA:SPY) closed down 0.2% on Thursday.
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 0.6%.
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 advanced 0.8%.
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 1.2%.
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 declined 1.4%.
- The Final Word: With corporate earnings season under way, investors can expect more active sessions in the weeks ahead. Earnings are forecast to rise year-over-year, but at only the fraction of the rate in Q2.