🔴 VIX Futures ETF (UVXY) is trading 6.08% down as softer volatility-futures pricing pressures the ETF

UVXY is trading at $17.27, down 6.08%, as softer volatility-futures pricing weighs on the ETF.

• UVXY seeks leveraged exposure to short-term VIX futures.
• Monday’s rebound in AI-related shares, alongside easing oil prices and Treasury yields, supported broader risk appetite and reduced demand for volatility hedges.
• Friday’s tech selloff and higher volatility set the backdrop, but the early-session reversal appears to be driving the decline.