Bill Luby: One month and one day after Credit Suisse (NYSE:CS) announced the suspension of new creation units in the VelocityShares Daily 2x VIX Short-Term ETN (NYSEARCA:TVIX), the issuer announced today that it plans to reopen issuance of TVIX “on a limited basis” effective tomorrow.
Jared Cummans: Tuesday saw a welcomed bull run on Wall Street as it was announced that a number of major banks had passed their respective stress tests, meaning that they would have enough capital to endure even the most severe scenarios. Investors cheered on the news with a buying trend that show
Bill Luby: I managed to let a couple of days pass without mentioning the suddenly white-hot topic of the VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) only to discover at a Bloomberg Volatility Symposium in San Francisco last night that there appears to be an insatiable demand for more
Bill Luby: With the media feeding frenzy surrounding the VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca:TVIX) during the past week, a similar product, the ProShares Ultra VIX Short-Term Futures ETF (NYSEArca:UVXY), has been largely overlooked. This is unfortunate, as UVXY has a great deal