UVIX is trading at $39.12, up 15.83% at 9:53 a.m. EST, as a premarket VIX rebound supports the move. - The VIX fell 20.26% to 16.61 Wednesday as election uncertainty eased, then was reported up about 2% premarket to 16.96. - UVIX is designed to amplify short-term VIX-futures exposure, so its move can be much larger than the VIX. - The election outcome prompted sector rotation rather than clear broad-market panic.