Exchange traded products that track volatility have declined sharply along with the VIX. They include iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX), ProShares Ultra VIX Short Term Futures ETF (NYSEArca: UVXY) and VelocityShares Daily 2X VIX Short Term ETN (NYSEArca: TVIX). [Volatility ETFs See Outflows]
The funds are indexed to VIX futures contracts, so they don’t follow the spot price.
“People are realizing that the world is not ending,” said John Canally, strategist at LPL Financial, in a Bloomberg report. “There’s a lot of good positive momentum in the market.”
iPath S&P 500 VIX Short Term Futures ETN
