VelocityShares 1x Daily Inverse VSTOXX Futures ETN (EXIV)
VelocityShares 1x Daily Inverse VSTOXX Futures ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $7.45, up 0.40% on the session, giving a market capitalisation of $60.4M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product is engineered to track the performance of the VSTOXX Short-Term Futures Inverse Investable Index. This index aims to replicate the returns of a short position in VSTOXX futures contracts, which are specifically designed to offer inverse exposure to the constant-maturity one-month forward and one-month implied volatilities of the underlying EURO STOXX 50 Index. The calculation method for this index factors in the bid-ask spread encountered during the futures roll procedure, as well as daily reset costs, both of which are expected to diminish the overall value of the Inverse Securities.
VelocityShares 1x Daily Inverse VSTOXX Futures ETN is most often compared with the following Financial Services names: