The ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) saw an uptick today, driven by movements in the Cboe Volatility Index (VIX). The VIX, a key measure of market volatility, traded within a narrow range, fluctuating between 12.89 and 13.34. Despite the overall rise in equity markets, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains, the VIX experienced elevated option volume, indicating heightened interest and activity in volatility-related trades. The VIX's position as the 9th highest in "Top Volume by Underlying" underscores the increased focus on volatility, with a notable volume in the January 2025 call options.
The UVXY ETF closed at $19.05, marking a 1.17% increase from the previous day's close of $18.83.