Investors Are Betting on a Reversal in the VIX
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Some investors are preparing for a drop in the VIX after recent gains sent the index above its six-month average. The largest exchange-traded note that rises with declines in Cboe Volatility Index futures posted its biggest weekly inflows since August 2015 as the number of shares outstanding on the security rebounded from a low. The trend was similar for another product that benefits from easing swings, while a note that gains with growing turmoil had its largest withdrawals since last August.