Fund Description
The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Mid-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.
Fund Snapshot Updated 05.21.2013
| Previous Close | $30.76 | Expense Ratio | 1.35% |
| YTD Return | 29.0% | Avg. 30-Day Volume | 76,356 |
| 1-Year Return | 122.5% | Market Cap | Loading... |
| Bid | $30.66 | Shares Outstanding | 1,570,000 |
| Ask | $30.71 | Dividends | $0.00 |
