Name of ETN: VelocityShares Daily 2x VIX Medium Term ETN
Benchmark Index: S&P 500 VIX Mid-Term Futures Index ER
Ticker Symbol: TVIZ
Strategy: The index this ETN is based upon is comprised of medium-term futures contracts on the CBOE SPX Volatility Index.
Daily Target: 2x
Leveraged ETN: This ETN is a leveraged ETN which means it attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETN, the multiplier is 2x (200%). This means the ETN is seeking a daily target equal to 200% of the benchmark index.
Related Links:
List of Volatility ETFs and ETNs