🟢 Volatility ETF (UVIX) is trading 2.39% up in pre-market after Wednesday’s election-driven volatility unwind

UVIX is trading at $33.90, up 2.39%, in pre-market in a modest rebound after Wednesday’s election-driven volatility unwind.

• At Wednesday’s close, UVIX had fallen 19.42%; the VIX dropped 20.26% to 16.61 as uncertainty eased.
• Pre-market, the VIX was reported up 2% to 16.96, consistent with renewed demand for volatility exposure.
• Equity futures were mixed, with Nasdaq futures weaker; the election result remained the main backdrop. No separate overnight UVIX-specific catalyst was identified.