Volatile Trading

VIX Daily Update: Fear Index Edges Higher for Second Straight Day

The CBOE VIX Volatility Index rose again on Wednesday.

The CBOE VIX (VXX) continued higher on Wednesday, as equities lost momentum in lackluster trading. 

The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, reached an intraday high of 17.95 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 4.9% at 17.91.

In stocks, the large-cap S&P 500 Index (SPY) declined 0.2% on Wednesday.

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 1.6%.

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 0.7%. 

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ProShares Ultra Short Term VIX Futures: (UVXY) UVXY is designed to deliver 1.5X (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 2.4%. 

The Final Word: Volatility has returned to the financial market. In this environment, investors can expect a return to volatile trading conditions in the short term.