Use access key #2 to skip to page content.

IBDvalueinvestin (99.68)

Massive Redemption : The VIX etf (VXZ) at the end of June lost 1/3 of its assets.

Recs

2

July 06, 2011 – Comments (1) | RELATED TICKERS: QQQ , SPY , VXZ

Redemptions

The iPath S&P 500 VIX Mid-Term Futures ETN (NYSEArca: VXZ), lost $257.7 million, or almost a third of its assets. It now has almost $538 million.

 

For more info on how Redemptions of VXZ can continue please refer to link:

 

http://www.ipathetn.com/pdf/vxz-info-sheet.pdf

 

1 Comments – Post Your Own

#1) On July 07, 2011 at 3:32 AM, checklist34 (99.71) wrote:

it was vzz, not vxz.  it triggered an automatic redemption clause in its "charter" or whatever it would be called. 

VZZ was a leveraged VIX related ETN, which in all honesty amounts to a disaster inevitably going to happen.  

position:  short any leveraged VIX anything I can get my hands on. 

Report this comment

Featured Broker Partners


Advertisement