VIX Securities Get Traded Like Crazy After Volatility Picks Up
- VXX, UVXY are among top five active exchange-traded products
- VXX jumps as much as 7.9% as more than 77 million shares trade
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Volatility is finally starting to rear its head, fueling intense trading on VIX exchange-traded products as buyers try to keep pace.
As investors reassess the record bullishness in risky assets, the Cboe Volatility Index is rising for a second straight day, touching the highest level in more than five months. That result: ETPs that tie their fortunes to the VIX -- either by tracking or shorting futures on the gauge -- have begun to furiously change hands.