🔴 Trading--Miscellaneous ETF (UVXY) is trading 8.71% down in pre-market as VIX falls amid market rebound

UVXY is trading at $21.07, down 8.71% in pre-market, as the VIX’s retreat likely contributed to the decline.

• U.S. equity futures are higher and Asian shares rebounded, easing immediate demand for volatility protection.
• The VIX fell 9% to 25.64 on Friday as markets recovered from the technology-led sell-off.
• Easing Iran concerns supported risk sentiment; strong payrolls and Tuesday’s CPI keep rate and volatility risks elevated.