Inverse VIX Short-Term Futures ETNs due March 22, 2045 (VYLD)
Inverse VIX Short-Term Futures ETNs due March 22, 2045 operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $30.63, up 1.14% on the session, giving a market capitalisation of $3.0M. Its beta of 0.62 implies it has historically moved less than the broad market.
This investment product is engineered to reflect the daily performance of the S&P500 VIX Short-Term Futures Points-Change Inverse Daily Index. The benchmark itself measures the day-to-day value changes resulting from maintaining a continuously updated short position in VIX futures contracts, which are traded on the Cboe Futures Exchange. Consequently, these notes are intended for investors who anticipate the value of this particular inverse index to rise during their ownership period, thereby generating a positive return.
Inverse VIX Short-Term Futures ETNs due March 22, 2045 is most often compared with the following Financial Services names: