CBOE VIX Volatility Index little changed on Thursday.
The CBOE VIX (NYSEARCA:VXX) remained calm on Thursday, as equities returned to record territory on the back of big oil and industrials.
The Chicago Board Options Exchange (CBOE) Volatility Index closed at 10.16, on a scale of 1-100 where 20 represents the historic mean. The fear index traded between a narrow range of 9.62 and 10.02.
In equities, the large-cap S&P 500 Index (NYSEARCA:SPY) climbed 0.7% to close at record highs.
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 0.6%.
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 declined 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 declined 1.3%.
The Final Word: From a volatility perspective, complacency continues to reign. This is unlikely to change in the short term as investors prepare for corporate earnings season.