The VS TR 2x Long VIX Futures ETF (UVIX) is experiencing price movement influenced by the current state of market volatility indicators. The CBOE Volatility Index (VIX), often referred to as the market's "fear gauge," remained relatively stable early on January 29, 2025, after significant fluctuations earlier in the week. This stability in the VIX suggests a reduction in market anxiety, which typically impacts the performance of volatility-focused ETFs like UVIX. The VIX was recorded at 16.4, a decrease from its peak above 20 on Monday, indicating that traders are less apprehensive than they were at the start of the week. This reduction in volatility comes despite recent market jitters caused by the rapid rise of DeepSeek, a Chinese AI startup, which had previously unsettled tech stocks.
The UVIX ETF is currently priced at $28.76, reflecting a slight decrease of 0.14% from its previous close.