UVXY is trading at $16.97, down 2.08%, amid contango in VIX futures. - UVXY fell despite a weaker stock market; VIX readings were mixed, while November VIX futures rose overnight to 19.000. - A market report said traders sold index protection after the Fed held rates, which can weigh on volatility-futures products. - GDP, PCE inflation and jobless claims were scheduled catalysts, but the evidence does not establish their specific effect on UVXY by 11:05 a.m.