Having covered these products for years now in our daily columns, we often say that they “are trading at record levels”, in terms of outright trading volume, and this continually occurs as witnessed this week, with old records being eclipsed, in a large way with new records. Most importantly, UVXY and VXX are flirting with their 50 day MA’s for the first time since February of this year, and given the all of a sudden dynamic of “backwardation” in the VIX futures market (but will it last) coupled with equity market worry and dislocation this week, we expect the interest in these products (Long and Short Vol) to continue to climb.
iPath S&P 500 VIX Short Term Futures ETN
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