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VelocityShares Daily 2x VIX Sho (TVIX) Message Board

  • ggray1956 ggray1956 Nov 19, 2013 9:18 AM Flag

    TVIX premium

    TVIX is trading at a 43 cent premium to NAV, yet it always seems to fluctuate near or below par during many trading sessions. I think it’s a way to promote this piece of garbage. How this ETN continues to lose NAV even on VIX strengthening is a mystery to me. I see TVIX futures market numbers, but I see no logic in its perceived posted value. The futures market seems to be a roulette wheel guided by the FED’s never ending easy money, so a premium in any stock or ETN means absolutely nothing to me, especially if you are shorting this market. This fund is a trap for many including myself. I only trade it now, and currently I own zero shares, but may pick-up some today on a dip.

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