UVXY is hurt when short-term VIX futures fall, and its 1.5-times daily target can magnify the move. The VIX remains above 20 points, so another market sell-off could revive demand.
UVXY resets its exposure daily, so continued falls in short-term VIX futures can weigh on it quickly. The VIX remains above 20 points, and another stock-market drop could bring back demand for protection. Still, the current fall in volatility points against UVXY.
VIXY fell about 12% as the VIX dropped, weighing on a fund tied to short-term VIX futures. Investors also withdrew money earlier in November, but those withdrawals came before Monday's drop, and a market sell-off could lift volatility again.
VXX fell about 12% as the VIX dropped, weighing on a fund tied to short-term VIX futures. A fresh stock-market sell-off could revive demand for volatility exposure.
SVIX can gain when short-term VIX futures fall because it seeks the opposite of their daily move. The VIX remains above 20 points, and a renewed stock-market sell-off could reverse that help.
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