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IncrediVFX/iStock by way of Getty Pictures
The S&P 500 VIX Index (VIX), which tracks volatility out there, has traded under 20 for the primary time in over two months, courting again to Jan. 13. The index additionally pushed under its 200-day shifting common for the primary time since Jan. 13 as effectively.
The transfer got here as market volatility eased up on Tuesday, with traders approaching the morning from a risk-on stance. The retreat within the VIX has additionally impacted volatility-based ETFs and ETNs, funding automobiles like short-term, long-term, and leveraged volatility funds.
Quick Time period Volatility Funds: The iPath Sequence B S&P 500 VIX Quick Time period Futures ETN (BATS:VXX) and the ProShares VIX Quick-Time period Futures ETF (BATS:VIXY).
Medium Time period Volatility Funds: The iPath Sequence B S&P 500 VIX Mid-Time period Futures ETN (VXZ) and ProShares VIX Mid-Time period Futures ETF (VIXM).
Leveraged Volatility Funds: The ProShares Extremely VIX Quick-Time period Futures ETF (BATS:UVXY).
Wanting longer-term, the VIX has now additionally come down 48.8% from its earlier March excessive of 37.5 again on Mar. 8.
Every day worth motion: VXX -1%, VIXY -2.4%, VXZ +0.1%, VIXM +0.1%, and UVXY -3.5%.
See under a year-to-date chart of the volatility index and its current decline together with data on how the index has traded alongside the S&P 500.
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