VelocityShares Daily 2x VIX Short-Term ETN (TVIXF)
VelocityShares Daily 2x VIX Short-Term ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Palm Beach Gardens, FL, US. The stock last traded at $0.07, up 0.00% on the session, giving a market capitalisation of $275,337. Its beta of -106.63 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) is linked to an index that offers investors a way to gain exposure to VIX futures contracts. These futures aim to reflect the implied volatility of the S&P 500 Index over different future periods. Notably, the ETN is structured to deliver twice (2x) the daily return of this underlying index, but it does not constitute a direct investment in the VIX itself.
VelocityShares Daily 2x VIX Short-Term ETN is most often compared with the following Financial Services names: