The VS TR -1x Short VIX Futures ETF (SVIX) saw an upward movement as the Cboe Volatility Index (VIX), a key measure of market volatility, dropped to a four-month low. This decline in the VIX reflects reduced hedging demand, likely influenced by a series of market events in the U.S. The announcement of the U.S. President-elect's planned Treasury Secretary initially buoyed investor sentiment, despite subsequent tariff threats that stirred market volatility. Additionally, the Federal Reserve's preferred inflation measure showed an uptick in October, yet the S&P 500 still managed to end the week with a 1.1% gain, underscoring the resilience of U.S. markets.
The SVIX ETF closed at $29.36, marking a 1.7% increase from the previous day's close of $28.87.