Volatility index Written on Blue Key of Metallic Keyboard. Finger pressing key.

VIX Daily Update: Fear Index Holds Below 18

The CBOE VIX Volatility Index declined on Wednesday.

The CBOE VIX (VXX) edged lower on Wednesday, as the S&P 500 Index returned to all-time highs.  

The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, reached an intraday low of 16.87 on a scale of 1-100, where 20 represents the historical average. It would eventually settle down 5.3% at 17.16.

In stocks, the large-cap S&P 500 Index (SPY) advanced 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 declined 2.6%. 

ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 1.5%.

Retirement Day Trader - eBook

Sign up for our Newsletter & get the FREE eBook
Retirement Day Trader:
How to Sell Weekly Options for Steady Income

  • This field is for validation purposes and should be left unchanged.

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. UVX declined 4%.

The Final Word: The U.S. economy is slowly recovering from the COVID-19 pandemic. As of Wednesday, more than 30.9 million people had been infected with the disease.