VIX Daily Update: Volatility Flat as Stocks Tumble
The CBOE VIX Volatility Index was little changed Friday.
The CBOE VIX (VXX) was little changed on Friday, as stocks rounded out the week on a soft note.
The Chicago Board Options Exchange Volatility, commonly known as the VIX, reached an intraday low of 21.27 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 0.2% at 21.37.
In stocks, the large-cap S&P 500 Index (SPY) fell 0.3% 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 advanced 1.4%.
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 0.6%.
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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 2.1%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Friday, more than 97.9 million people had been infected with the novel disease, including 24.7 million in the United States.