🔴 UVIX is trading 2% down today as equity volatility remains muted amid risk-on sentiment

UVIX is trading at $3.17 (2% down) as equity markets rise and implied volatility remains subdued following a broad market rebound.

• The decline in the 2x leveraged long VIX futures ETF reflects continued risk-on sentiment in U.S. stocks and ongoing moderate gains across major indices.
• Because UVIX tracks front-month VIX futures, the price action highlights a lack of fresh volatility shocks in the current trading environment.