🔴 VIX Futures ETF (UVIX) is trading 7.0% down as October VIX futures retreat

UVIX is trading at $36.47, down 7.02%, as volatility expectations ease.

• October VIX futures stood at 18.50, below Friday’s 19.24 close, while equity futures rebounded in early trading.
• The pullback reverses part of Friday’s volatility spike amid the technology selloff and AI-financing concerns.
• UVIX’s leveraged exposure to VIX futures amplifies the decline; the supplied report cited futures down 0.26 points to 18.5.