VIX Closes Below 14 For First Time In Over 3 Years: What That Means For The Market
Portfolio Pulse from Shanthi Rexaline
The CBOE Volatility Index (VIX) settled below 14 for the first time in over three years, indicating a calmer market. The ProShares Trust VIX Mid-Term Futures ETF (VIXM) closed at $22.59, its lowest level since March 2020.
June 07, 2023 | 8:50 am
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The ProShares Trust VIX Mid-Term Futures ETF (VIXM) closed at $22.59, down 3.67%, marking its lowest level since March 2020 as the VIX fell below 14.
The VIX falling below 14 indicates a calmer market, which could lead to less demand for volatility-based ETFs like VIXM. However, the VIX has since moved back above 14, which could cause short-term fluctuations in VIXM's price. The overall impact on VIXM is neutral in the short term as the market sentiment remains uncertain.
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