The reverse splits do not affect the value of the futures contracts it owns. TIVX price follows the value of the futures contracts. The difference between the prices on these 2 futures contracts are what cause TVIX to constantly lose value. Based on today's prices, it is losing 26% per month to contango. Last month it averaged around 30%.
I know the voices seem real, but they are just a result of altered dopaminergic activity in parts of your brain. It's ok, your mom is there to help... she isn't working for the CIA.
I called your mother instead. Time to bring little Johnny back to the clinic for his Invega Sustenna.
Adventureguy is off his meds again and back to his $250 ++++ predictions. This is always followed by a 20% drop in TVIX within 2 weeks. So PT is $3.02 by 5/17
There were a couple of posters who put some symbols on here earlier, they are gone now. But they were like "oooh XXX had a big miss, it will be down huge" I didn't recognize the symbols, so I looked at them and each one was down like 1 %. People are really reaching for a reason for this aerosolized fecal material to go up.
I would never own a dooms day ETN (ETF would be fine) without buying puts on common stock the issuer. It's like in 2008 when MBS or CDO swaps holders, needed to short the banks, to make sure they would get paid one way or another.