|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||135.36 - 143.92|
|52 Week Range||54.55 - 146.44|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.00%|
Shorting volatility was a winning strategy in 2017 with the Cboe Volatility Index inactive for most of the year. The VIX started the year at the 12 level and averaged 11 for the year. Meanwhile, the VelocityShares Daily Inverse VIX Short-Term ETN (XIV) gained nearly 190%.
Wall Street's 'fear gauge' has never fallen this low for two consecutive days since its inception nearly three decades ago.
The Chicago Board Options Exchange Volatility index rose slightly on Monday to the 9.5-level, but continues to bop along at historical lows. Meanwhile, short-volatility investors are still raking it in with the VelocityShares Daily Inverse VIX Short-Term (XIV) up 1.7% and the ProShares Short VIX Short-Term Futures (SVXY) up 1.6%. Many have been calling for a blowup in VIX ETFs.
Short-volatility was arguably the trade of this year with the Cboe Volatility Index or the VIX averaging just above 11 through the end of November. The $1.1 billion iPath S&P 500 VIX Short-Term Futures ETN (VXX) was roughly flat Tuesday as the VIX fell slightly on the day. Short-vol traders didn't fare much better with the VelocityShares Daily Inverse VIX Short-Term Futures ETN (XIV) up just 0.22%.
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