Barclays’ XXV —the first ETN with nowhere to go?

Update.  Barclays’  responded to the problems noted below with their IVOP ETN.  It has now has a similar situation that XXV has—near its max price and very low leverage.    See this post for more information. ************************************************************* Originally Posted December 11, 2011 Question: What would the value of Barclays’ inverse volatility XXV ETN be if Barclays’ volatility VXX ETN goes to zero? Answer $40 / share …

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XXV: Dancing the contango—without getting mugged

Update  redirected to https://sixfigureinvesting.com/2010/04/going-short-on-vix/ I do not recommend XXV.  At its current price of around $30/share  it does not deliver the sort of performance you would expect an inverse volatility security to deliver.   This security can go no higher than $40 per share and can only get there slowly.  See this post for more information.   If you want to be short volatility use XIV …

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XXV behavior—it’s a pretty good VXX short

Update: I do not believe XXV is a good way to short VXX, or volatility in general.  It has very little upside remaining (maximum value will be $40/share),  see this post for more details. ********************************************************** With the recent action in the VIX and VXX I thought it would be good time to go back and check the performance of Barclays’ new ETN product XXV to see …

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XXV Prospectus

Update: Barclays terminated XXV in April 2018.  There is no replacement product. ********************************************************** XXV Prospectus:   XXV:  Barclays Inverse VolatilityETNs Usually getting the prospectus for a new ETF or ETN takes a Google search and a couple minutes of browsing.  The prospectus for Barclays’ new XXV inverse volatility ETN proved to be a much more elusive search—it didn’t show up in the top 20 hits. …

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