UVIX is trading at $34.46 (+2.59%) as overnight risk-off sentiment and Gulf supply concerns supported volatility demand.
- Oil rose amid Saudi-Houthi tensions and a Gulf storm.
- Investors were cautious ahead of the 2:00 p.m. FOMC minutes, while broader equities traded lower amid higher-yield and geopolitical worries.
- UVIX tracks twice the daily performance of a VIX futures index, so it can rise with demand for volatility exposure.