VelocityShares Daily Inverse VIX Short Term ETN (XIV)

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Fund Description

The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Short-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 07.10.2014

Previous Close $30.09 Expense Ratio 1.35%
YTD Return 30.31% Avg. 30-Day Volume 12,351,638
1-Year Return 87.7% Market Cap Loading...
Bid $44.78 Shares Outstanding 11,255,000
Ask $44.79 Dividends $0.00