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Daily Inverse VIX ST ETN Velocityshares (XIV)

23.88+0.56 (+2.40%) 7:21P EDT (AMEX)
ETF Data as of Saturday, May 18th, 2013

Profile

Ticker Symbol XIV
Name VelocityShares Daily Inverse VIX Short-Term ETN
Exchange AMEX
Fund Family VelocityShares
Description The VelocityShares Daily Inverse VIX Short-Term ETNs (the %u201CETNs%u201D) are senior, unsecured obligations of Credit Suisse AG (%u201CCredit Suisse%u201D) acting through its Nassau branch. The return on the ETNs is linked to the inverse of the daily performance of the S&P 500 VIX Short-Term Futures Index ER less the investor fee. The ETNs provide traders with an exchange traded instrument enabling them to efficiently express their market views on the short-term futures contracts on the CBOE SPX Volatility Index (the %u201CVIX%u201D). The ETNs do not guarantee any return of principal at maturity and do not pay any interest during their term. 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 calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The S&P 500 VIX Short-Term Futures Index ER targets a constant weighted average maturity of 1 month. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.
Sectors All ETF Sectors
Underlying Index S&P 500 VIX Short-Term Futures Index ER
Asset Class Volatility
Inception Date 2010-11-30
First Trade Date 2010-11-30
Leverage Short

Investment Information 

Alpha: N/A   Latest Dividend: N/A
Beta: 4.60   Dividend Date: N/A
Standard Deviation: 3.59   Annual Dividend: N/A
Shares Outstanding, $K: 16,288.80   Annual Dividend Yield: N/A
Managed Assets, $K: 377,574.40   Latest Split: 10-1
Net Asset Value: 23.18   Split Date: 2011-06-27
First Trade Price: 9.57   YTD Return: 43.94%
P/E Ratio: N/A   1 Year Return: 159.85%
Management Fee: 1.35   3 Year Return: N/A
Options: No   5 Year Return: N/A