VelocityShares Daily 2x VIX Short-Term ETN Made Headway

VelocityShares Daily 2x VIX Short-Term ETN (TVIX:NASDAQ) shot up at $64.14, representing a gain of 37.1%. On Fri 21 Feb 20, TVIX:NASDAQ hit a New 2-Week High of $46.8. From Fri 31 Jan 20, the stock recorded 35.71% Up Days and 46.67% Green Days

The share price of the company has been moving sideways in recent weeks.

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.