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VIX Daily Update: Volatility Rises Again

CBOE VIX Volatility Index spikes again as rout in equity markets intensifies.

CBOE VIX Volatility Index spikes again as rout in equity markets intensifies.

The CBOE VIX (NYSEARCA:VXX) experienced another dramatic rally on Thursday, as the turbulent stock market sold off for a third consecutive day.

The Chicago Board Options Exchange (CBOE) Volatility Index jumped to a session high of 25.30 on Thursday. It would later settle at 22.36 for a gain of more than 12%.

In equities, the S&P 500 Index (NYSEARCA:SPY) fell 1.3% 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 advanced 7%.

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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 3.3%.

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 11%.

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 14.4%.

The Final Word: Volatility has returned in a big way over the last four weeks, setting the stage for a more turbulent year in the financial markets.