$TVIX - Velocity Shares Daily 2x VIX ETN
The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-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 ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX.
Please keep your eyes on the Velocity Shares Daily 2x VIX ETN for a price move above $64.75 to $64.80 on heavier than average daily trading volume of 3.75 million.
As the holiday shortened trading week came to a close the (TVIX) Velocity Shares Daily 2x VIX ETN ended the week trading at $63.98 up $5.48 or +9.37% on lighter than average upside trading volume of 13.63 million. The average weekly trading volume for this ETN is 16.68 million.
This is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****