🔴 Short-Term VIX Futures ETF (UVXY) is trading 5.5% down in pre-market as U.S. futures stabilize

UVXY is trading at $22.31, down 5.51%, as Friday’s mixed-to-higher U.S. index futures suggest near-term pressure on volatility contracts.

• Thursday’s sharp selloff sent the VIX to 28.17 and put its futures curve in backwardation.
• The decline comes despite continued losses in Asian markets and uncertainty ahead of October payrolls, expected to show 65,000 jobs added. UVXY’s pre-market move is consistent with a partial easing in demand for short-term volatility protection.