🔴 Leveraged Equity ETF (UVIX) is trading 2.61% down in pre-market as overnight equity futures rebound

UVIX is trading at $39.62, down 2.61% from the September 16 close of $40.68, with the decline appearing primarily driven by a modest overnight risk-on recovery reducing near-term demand for leveraged volatility exposure.

• The move follows the Federal Reserve’s September 16 25-basis-point rate hike to 3.75%-4.00% and post-decision market weakness.
• Elevated Treasury yields near 5% and oil above $105 remain volatility risks.
• S&P 500, Nasdaq, and Dow futures are higher, with the pre-market equity rebound currently dominating.