uvix stock price volatility continues to attract intraday momentum traders who prefer the ETF’s liquidity profile. Pros expect heightened trading ranges ahead of major FOMC announcements this month. In 2018, the ETF lost 83% of its value in a single day after the VIX doubled. The event was dubbed “Volmageddon” and is a cautionary tale about what could go wrong when shorting the VIX. SVXY Performance Since Inception Displays a symbol's price movements over previous years to identify recurring trends. uvix stock price’s movement this week is tightly linked to shifts in the S&P 500 volatility term structure. Forward VIX pricing has steepened, implying increased UVIX roll yield impact in short tenors.