VelocityShares Daily 2x VIX Short-Term ETN Soared

VelocityShares Daily 2x VIX Short-Term ETN (TVIX:NASDAQ) shot up at $254.38, representing a gain of 49.7%. On Fri 06 Mar 20, TVIX:NASDAQ touched a New 2-Week High of $169.9. The stock appeared on our News Catalysts scanner on Mon 09 Mar 20 at 06:55 AM in the 'INVESTOR UPDATE' category. From Fri 21 Feb 20, the stock recorded 70.00% Up Days and 63.64% Green Days

About VelocityShares Daily 2x VIX Short-Term ETN (TVIX:NASDAQ)

The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX.