🔴 Volatility ETF (UVXY) is trading 13.04% down as Friday's stock rebound eases volatility demand

UVXY is trading at $20.14, down 13.04%, as easing volatility expectations reduce demand for volatility exposure.

• The VIX was down 4.76% to 24.42 as of 9:20 a.m. ET, pointing to lower near-term volatility expectations.
• UVXY tracks a leveraged index of short-term VIX futures, which can pressure the fund when volatility futures fall.
• Friday’s partial rebound in U.S. stocks followed a sharp technology-led selloff and helped explain reduced demand for volatility exposure.