VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca: TVIX) is in a two-day meltdown because the premium to net asset value is snapping back sharply after surging as high as 90% earlier in the week.
The historic collapse of a leveraged ETN linked to the VIX index has captured the fancy of adults and schoolchildren everywhere. The VelocityShares Daily 2X VIX Short-Term ETN (TVIX - News) lost more ...
Traders are dumping capital into the 2x VIX futures tracker as fast as TVIX can burn it up Everyone loves a good underdog story, and Wall Street investors are of course no exception -- but in the case ...
The VelocityShares Daily 2X VIX Short ETN (NYSEArca:TVIX - News) plunged more than 30 percent yesterday, as the product—which had been trading at a substantial premium to its underlying net asset ...
Forbes contributors publish independent expert analyses and insights. The evolution of asset management through exchange-traded products. For investors who don't sit in front of flashing green/red ...
UPDATE: TVIX is currently down over 25%, trading near $10.42. Volatility ETNs have become favorite targets for critics of the exchange-traded products business. Looking at the action in the ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What on earth is going on with the TVIX ETN? Last week we pointed out that there has been a hugely unusual rush ...
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