🟢 UVIX is trading 11.3% up today as equity volatility spikes on tech-led market selloff

UVIX is trading 11.3% higher as equity volatility jumps amid a broader market selloff and an unwind of complacency in growth and tech sectors.

• The S&P 500 and Nasdaq Composite are down 1.57% and 2.11% respectively, driven by positioning shifts and lingering geopolitical and energy concerns.
• As a 2x leveraged ETF tracking short-term VIX futures, UVIX is seeing outsized gains compared to the underlying index moves.
• With no major economic data releases today, the move reflects a sharp shift in risk sentiment and increased demand for volatility protection.