VelocityShares 1x Daily Inverse VSTOXX Futures ETN (EXIV)
ETN overview
This investment product is engineered to track the performance of the VSTOXX Short-Term Futures Inverse Investable Index. This index aims to replicate the returns of a short position in VSTOXX futures contracts, which are specifically designed to offer inverse exposure to the constant-maturity one-month forward and one-month implied volatilities of the underlying EURO STOXX 50 Index. The calculation method for this index factors in the bid-ask spread encountered during the futures roll procedure, as well as daily reset costs, both of which are expected to diminish the overall value of the Inverse Securities.
Fund facts
- Leverage
- -1x daily
- Expense ratio
- 1.35%
- Fund assets
- 60.47M USD (all share classes)
- Issuer
- VelocityShares
- Inception date
- May 2, 2017
Historical returns do not guarantee future returns. This is not investment advice.
VelocityShares 1x Daily Inverse VSTOXX Futures ETN (EXIV)
- Leverage
- -1x daily
- Expense ratio
- 1.35%
- Fund assets
- 60.47M USD (all share classes)
- Issuer
- VelocityShares
- Inception date
- May 2, 2017
This investment product is engineered to track the performance of the VSTOXX Short-Term Futures Inverse Investable Index. This index aims to replicate the returns of a short position in VSTOXX futures contracts, which are specifically designed to offer inverse exposure to the constant-maturity one-month forward and one-month implied volatilities of the underlying EURO STOXX 50 Index. The calculation method for this index factors in the bid-ask spread encountered during the futures roll procedure, as well as daily reset costs, both of which are expected to diminish the overall value of the Inverse Securities.
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