Keep shorting this scam as long as the PPS is well above its NAV. All others, VXX/VIIX/UVXY, are trading around their NAVs.
Connor, how did you calculate the NAVs for TVIX/UVXY?
On Y! quotes, for real time NAV, aka indicative value, enter:
^TVIX-IV, ^UVXY-IV, ^VXX-IV
Just go to Velocity or Proshares web-sites.
It is about 5.2 percent above the NAV. I think it will be larger as it decreases its prices.