The CBOE VIX Volatility Index rose on Wednesday.
The CBOE VIX (VXX) rose again on Wednesday, as stocks continued to fall in the wake of a historic melt-up to record highs.
The Chicago Board Options Exchange Volatility Index touched an intraday high of 23.43 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 3.2% at 23.43.
In stocks, the large-cap S&P 500 Index (SPY) declined 1.2% 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 advanced 3.3%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 1.7%.
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 5.3%.
The Final Word: Investors continue to eye the global spread of COVID-19. As of Wednesday, more than 56 million people had been infected with the novel disease, including 11.4 million in the United States.