Investors Bet on Stock-Volatility Decline Like in 2013: Chart

(Bloomberg) -- With the CBOE Volatility Index down as much as 24 percent on optimism that centrist Emmanuel Macron will become the next French president, wagers for easing equity turbulence may continue thriving. And that’s what investors have been betting on: An exchange-traded note that profits when stock swings wane has gone seven straight weeks without outflows, the longest streak since 2013. The VelocityShares Daily Inverse VIX Short-Term ETN has rallied 42 percent in 2017, up for a second year.