Credit Suisse Pushes the Pause Button on TVIX

In February 2012 VelocityShares‘ TVIX ETN was on a tear.  Its volume surged from an average of 6.67 million shares a day in January to 22 million shares a day in February.   The assets under management (AUM) also grew dramatically.  At the end of January TVIX had $413 million in assets—fourteen days later it has $279 million more for a total of $691.0 million.   Credit …

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VelocityShares’ Short Term Volatility Offerings Overtake Barclays’

Barclays had the short term volatility ETF space to itself from January 2009 until November 2010 with their VXX long and XXV short ETNs.  On November 30th, 2010 VelocityShares came on the scene with three new short term funds: 1X long VIIX , 2X long TVIX, and -1X daily inverse XIV.  Fifteen months later, on February 14th, the combined daily volume of  these VelocityShares ETNs …

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ProShares’ SVXY and UVXY vs. VelocityShares’TVIX

ProShares was the first  Exchange Traded Fund (ETF) provider for volatility based fund.  The previous volatility entries from Barclays and VelocityShares were all Exchange Traded Notes (ETN).  Click on the underlined ETF / ETN for discussions on how these types of securities work.  Proshares has done well and currently is nearly tied with VelocityShares in terms of assets. UVXY (1.5X  long) and SVXY ( -0.5X inverse daily …

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Tracking the VIX Index—TVIX and UVXY Are Close

For a long time investors have been frustrated in their desire to directly invest in the VIX index.  Now three ETNs, one by design, and the two other perhaps by accident are tracking (or out-performing) the VIX index on both a daily percentage move basis and for multi-day holding times. Historically the daily percentage moves of short term (1/2 month) volatility ETNs like VXX tend …

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