The ProShares Trust Ultra VIX Short Term Futures ETF has been influenced by a slight reduction in market volatility expectations, as indicated by the CBOE Volatility Index (VIX) closing down 0.67% at 17.70. This decrease in the VIX suggests a modest decline in anticipated market fluctuations, despite the S&P 500 Index's minor gain of 0.16%. The trading environment remains complex, with investors keeping a close eye on rising bond yields and the implications of the latest nonfarm payrolls report. The significant trade volume in the VIX Jan 2025 30.000 call, with 20,323 contracts, indicates some market participants are still preparing for potential future volatility.
The ProShares Trust Ultra VIX Short Term Futures ETF (UVXY) experienced a slight decline, closing at $21.03, down 0.99% from the previous close of $21.24, and currently trading at $21.09 as of 16:40 on Wednesday, January 8.