Xiv is NOT the opposite of VXX. If it were since it's inception to now, the VXX has lost 50%. Logically VIX should therefore be up 50%. Instead the thieves constructing these have given you a big fat zero return.
I agree 1000% that this VXX is a POS! It's just made up of futures contracts out 3-6 months. Shorting this stock is free money, been doing it everytime there's turmoil in the market!I do think we will get a better buying opp. to short in the next few weeks. Any reason why you jumped in today or are you just looking for a short term trade?