Name of ETN: VelocityShares Daily Inverse VIX Short Term ETN
Benchmark Index: S&P 500 VIX Short-Term Futures Index ER
Ticker Symbol: XIV
Daily Target: -1x (inverse daily performance of index).
Short ETN: This ETN attempts to produce investment results in the opposite direction of the index. If the S&P 500 VIX Short-Term Futures Index goes up, the ETN is designed to go down. If the &P 500 VIX Short-Term Futures Index goes down, the ETN is designed to go up.
Related Links: