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IBDvalueinvestin (98.57)

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



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


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:


1 Comments – Post Your Own

#1) On July 07, 2011 at 3:32 AM, checklist34 (98.70) 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. 

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