ETFs That Leave You in the Dark
Today is another good lesson about what happens to exchange traded products when they cease share creation.
Volatility is surging higher today with the VIX up almost 15% and the VIX March futures pushing higher by 10%. This is a great day to own VelocityShares Daily 2x VIX Short Term ETN (TVIX), right? Well, TVIX is up around 5.5%. But the ProShares Trust Ultra Short VIX (UVXY), the ETF equivalent still creating shares, is up 13.5%. Even the 1x long VIX products are up 6-7% today....388 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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