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ETF Daily News

ETF That Bets Against VIX Rallies Over 200% In A Year
By Devon Layne | December 07, 2012

Related ETFs: VXX / TVIX / XIV

The VelocityShares Daily Inverse VIX Short-Term ETN (NYSEArca: XIV) has skyrocketed since the start of 2012, gaining 221 percent as the U.S. economy began to rebound and market volatility has on the whole decreased, according to an article on ETF Trends.

The $355 million XIV, essentially a bet that volatility is likely to be muted, remains a popular choice now as it traded on average 12 million shares daily for the past three months, the article said.

Meanwhile, ETNs that are bets that market volatility will be relatively high, such as the iPath S&P 500 VIX Short term Futures ETN (NYSEArca: VXX) and the VelocityShares Daily 2x VIC Short-Term ETN (NYSEArca: TVIX) have suffered from a declining VIX, says ETF Trends.

Go to ETFtrends.com for the full story.