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.
Frequently asked questions
What is the VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) expense ratio?
The VelocityShares Daily Inverse VIX Medium-Term ETN funds expense ratio is 1.35%.
What is VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) current stock price?
As of the latest data, VelocityShares Daily Inverse VIX Medium-Term ETN stock price is $28.91, with a previous close of $28.93. VelocityShares Daily Inverse VIX Medium-Term ETN lost -$0.02 in the last trading session, representing a -0.07% loss.
Does VelocityShares Daily Inverse VIX Medium-Term ETN (ZIV) pay dividends?
No. VelocityShares Daily Inverse VIX Medium-Term ETN does not pay a dividend.
