CBOE VIX Volatility Index edges higher as stocks struggle to extend rally.
The CBOE VIX (NYSEARCA:VXX) advanced on Tuesday, as stocks gave up early gains as focus shifted back to U.S.-China trade talks.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, reached a session high of 16.70 on a scale of 1-100 where 20-25 represents the historic average. The so-called “fear index” would eventually settle at 16.08, having gained 0.9%.
In stocks, the large-cap S&P 500 Index (NYSEARCA:SPY) was flat on Tuesday.
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 0.3%.
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 0.6%.
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 0.6%.
The Final Word: U.S.-China trade talks are back in focus ahead of the upcoming G20 summit in Osaka, Japan. Presidents Trump and Xi are scheduled to meet at the event, raising the stakes for both countries to return to the negotiating table.