CBOE VIX Volatility Index climbs as Wall Street turns tepid.
The CBOE VIX (NYSEARCA:VXX) rose on Monday, notching its second advance of the past three days as stocks struggled to regain momentum.
The Chicago Board Options Exchange (CBOE) Volatility Index, also known as the “fear index,” climbed 2.2% to 16.06. VIX touched a session high of 16.50, which would have been the highest settlement in over a week.
In stocks, the large-cap S&P 500 Index climbed 0.1%.
Major VIX ETFs:
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 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 1.5%.
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 1.9%.
The Final Word: Equity markets are bracing for a highly active week headlined by U.S.-China trade negotiations, a budget debate in Washington and a steady stream of high-profile data.