VIX Daily Update: Volatility Edges Higher as Stocks Retreat
The CBOE VIX Volatility Index rose slightly on Tuesday.
The CBOE VIX (VXX) rose slightly on Tuesday, as stocks pulled back from all-time highs.
The Chicago Board Options Exchange Volatility Index touched an intraday high of 24.09 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 1.7% at 22.83.
In stocks, the large-cap S&P 500 Index (SPY) declined 0.6% 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 declined 1.3%.
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 0.9%.
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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 declined 2.6%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Tuesday, more than 55.4 million people had been infected with the novel disease, including 11.3 million in the United States.