🟢 Leveraged Volatility ETF (UVIX) is trading 2.19% up as elevated futures support ETF demand

UVIX is trading at $38.21, up 2.19%, as elevated VIX futures support leveraged-futures ETF demand.

• It fell 8.09% on September 17, while the VIX spot index eased to 15.44, down 12.82%, indicating no fresh broad volatility shock.
• VIX futures remained near 17.92 in contango amid post-Fed rate uncertainty and global macro positioning after the Bank of Japan’s 25-basis-point hike.
• Demand persisted despite mixed equities.