All others, VXX/UVXY/XIV, are trading very close to their NAVs.
Did you read my notes today regarding premium?
Today's closing IV (^TVIX-IV) was 3.405. Today's close at 3.89 was at a 14% premium.
That's like paying $39 in cash for a $34 cashier's check from Chase Bank. Over 15 million of these overvalued notes traded hands today...
No one is forcing these speculators to buy these notes. UXVY will drain their brokerage accounts just as quickly but without the premium.