December 06, 2012 at 14:12 PM EST
ETF That Bets Against VIX Rallies Over 200% in a Year
A volatility-linked exchange traded product designed to move in the opposite direction of the VIX has more than tripled in price over the past year. VelocityShares Daily Inverse VIX Short Term ETN (NYSEArca: XIV) has rocketed 221% for the 12 months ended Dec. 5, according to investment researcher...
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