Shorting short volatility U.S. exchange trade products reaps big gains
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XIV NAV Reported at $5.32
February 7, 2018 8:04 AM ESTVelocityShares Daily Inverse VIX ETN (NASDAQ: XIV) NAV was $5.32 as of 2/6, according to Bloomberg. This is up from $4.22 at 2/5.
The ETN plunged from a closing price of $99 on 2/5 to $7.35 following the spike in the VIX.
Credit Suisse announced an... More
