VIX Daily Update: Market Anxiety Briefly Lifts Volatility Index to 25
The CBOE VIX Volatility Index rose on Monday.
The CBOE VIX (VXX) continued higher on Monday, as the U.S. stock markets suffered a fresh setback.
The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, reached an intraday high of 25.09 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 4.7% at 23.09.
In stocks, the large-cap S&P 500 Index (SPY) declined 0.8% on Monday.
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 4.2%.
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 2.6%.
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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. UVX advanced 6.1%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Monday, more than 111.6 million people had been infected with the novel disease, including 28.1 million in the United States.