The CBOE VIX Volatility Index held within a narrow range on Friday.
The CBOE VIX (VXX) edged lower on Friday, as stocks closed out a rocky weak on a softer note.
The Chicago Board Options Exchange Volatility Index touched an intraday low of 22.13 on a scale of 1-100, where 20 represents the historical average. It would eventually settle down 2% at 22.64.
In stocks, the large-cap S&P 500 Index (SPY) declined 0.7% on Friday.
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 0.2%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY advanced 0.2%.
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 0.7%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Thursday, more than 57.3 million people had been infected with the novel disease, including 11.8 million in the United States.