VelocityShares VIX Short-Term ETN (VIIX)
VelocityShares VIX Short-Term ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $68.37, down 2.12% on the session, giving a market capitalisation of $20.5M. Its beta of -5.60 implies it has historically moved less than the broad market.
This index is formulated to provide investors with access to futures contracts connected to the VIX, spanning multiple maturities. The VIX itself functions as a barometer for the S&P 500 Index's anticipated volatility across various points of the forward curve. Its valuation is derived directly from the prevailing prices of S&P 500 put and call options. While these ETNs track the daily performance of the aforementioned index, they do not represent a direct investment in the VIX itself.
VelocityShares VIX Short-Term ETN is most often compared with the following Financial Services names: