VIX Crashes And Burns (VXX, TVIX, VXZ, XVZ, XIV)

May 22, 2012


The CBOE Volatility Index—or VIX—fell sharply yesterday, dropping 12.35 percent, which caused many VIX-tracking ETFs to plummet as well, according to an article on the Wall Street Sector Selector.

The losses were attributed to market corrections happening as a result of overbought conditions during last week’s VIX rally, reports Dan Nyaradi, contributor to the Wall St. Sector Selector article.

The article highlighted yesterday’s changes in the following VIX-related ETPs:

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX): -11.00 percent
  • VelocityShares Daily 2X VIX Short-Term ETN (NYSEArca: TVIX): -19.26 percent
  • iPath S&P 500 VIX Mid-Term Futures ETN (NYSEArca: VXZ): -3.84 percent
  • S&P 500 Dynamic VIX ETN (NYSEArca: XVZ): -1.06 percent


Also mentioned was the Velocity Shares Daily Inverse VIX Short-Term ETN (NYSEArca: XIV), as it moves inverse to the VIX index. XIV surged 10.62 percent, the article said.

Go to the to read the full story.

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