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VelocityShares Daily Inverse VIX Short Term ETN

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:

VelocityShares Website