VelocityShares Daily 2x VIX Short-Term ETN Skyrocketed

VelocityShares Daily 2x VIX Short-Term ETN (TVIX:NASDAQ) jumped higher at $397.89, representing a gain of 47%. On Wed 11 Mar 20, TVIX:NASDAQ hit a New 2-Week High of $270.73. The stock appeared on our News Catalysts scanner on Wed 11 Mar 20 at 05:27 PM in the 'INVESTOR UPDATE' category. From Wed 26 Feb 20, the stock recorded 70.00% Up Days and 54.55% 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.