New Firm Plans Inverse, Leveraged VIX ETNs

VelocityShares, a newcomer to the ETF industry, is planning to jump into the world of volatility exchange-traded notes, recently detailing six new ETNs designed primarily for short-term sophisticated investors. The notes, which will be issued by Credit Suisse, will include 1x, -1x, and 2x versions linked to both the S&P 500 VIX Short-Term Futures Index and S&P 500 VIX Mid-Term Futures Index: ETN Index Leverage Ticker Inverse VIX Short Term ETN S&P 500 VIX Short-Term Futures Index -100% XIV Long VIX Short Term ETN S&P 500 VIX Short-Term Futures Index 100% VIIX 2x Long VIX Short Term ETN S&P 500 VIX Short-Term Futures Index 200% TVIX Inverse VIX Medium Term ETN S&P 500 VIX Mid-Term Futures Index -100% ZIV Long VIX Medium Term ETN S&P 500 VIX Mid-Term Futures Index 100% VIIZ 2x Long VIX Medium Term ETN S&P 500 VIX Mid-Term Futures Index 200% TVIZ VIX 101 The CBOE Volatility Index, better known as the “VIX” and sometimes dubbed the “fear index,” measures the market price of volatility in large cap U.S. equities over the next 30 days. The [...] Click here to read the original article on ETFdb.com. Related Stories: ETF Pipeline Grows: More Hedge Fund Products, VIX ETNs In The Works Barclays Rolls Out Inverse VIX ETN (XXV) JPMorgan Rolls Out Leveraged Treasury ETNs