ETF Trends
ETF Trends

Exchange traded funds linked to the CBOE Volatility Index, or “VIX,” jumped Monday and Tuesday as the recent turn in the Eurozone financial saga soured markets.

The ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) increased 5.1% at last check Tuesday.

On Monday, the volatility index spiked to an eight month high on the worsening Eurozone debt crisis, with the VIX surging as high as 17%.

The VIX is considered Wall Street’s “investor fear gauge” as it is a widely used measure of market risk.

“Investors are coming to the realization that things are slowing down here, and it’s not getting better abroad,” Terry L. Morris, a manager at National Penn Investors Trust Co., said in a Bloomberg article. “Complacency has gotten pretty high. The combination of Greece and Spain, and the China slowdown put investors in a more bearish mode.”

The VIX was 6.6% higher Tuesday.

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