🔴 Volatility ETF (UVIX) is trading 2.1% down in after-hours trading as falling VIX and contango weigh

UVIX is trading at $35.58, down 2.09%, as a sharp retreat in market volatility pressured the fund.

• The VIX fell 7.75% to 18.44 as chip shares rebounded; VIX futures remained in contango, further weighing on UVIX’s long-futures exposure.
• U.S. stocks broadly finished higher on October 20 as investors looked ahead to major earnings reports, adding to the calmer volatility backdrop.
• The after-hours decline followed UVIX’s $36.34 regular-session close; no separate after-close catalyst was identified.