UVXY is trading at $19.51, up 5.97%, as volatility demand rises after Thursday’s tech selloff and amid geopolitical risk. - The Nasdaq fell 2.6% Thursday amid concerns about AI spending and returns. - Renewed Strait of Hormuz tensions and higher crude prices added inflation and supply-risk concerns; Brent reached a five-month peak above $114/bbl Friday. - No UVXY-specific catalyst was identified; broad risk-off factors aligned with the move.