NASDAQ:XIV
Delisted
Daily Inverse VIX ST ETN Velocityshares Stock Company Profile
$6.04
+0 (+0%)
At Close: Feb 21, 2018
Information
877-583-5624
Description
The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.