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SVIX Rises 1.64% as VIX Declines 8.37% Amid Eased Market Concerns

The CBOE Volatility Index (VIX) saw a significant decline of 8.37% to close at 15.77, reflecting a temporary easing of market concerns and increased confidence among investors. This drop in the VIX aligns with a modest rise in the S&P 500 Index, which gained 0.39% to close at 6,061.48. The decrease in volatility expectations suggests that investors are less anxious about potential market fluctuations, despite ongoing tax and spending negotiations in Washington that could influence future market sentiment. The most notable trade of the day was the VIX Feb 2025 19.000 call, indicating some investors are still hedging against potential future volatility.

The VS TR -1x Short VIX Futures ETF (SVIX) experienced a rise, closing at $26.09, up 1.64% from its previous close of $25.68, as of 16:40 on Wednesday, February 5.