VIIX (VelocityShares VIX Short-Term ETN)

VIIX Exposure and Basic Characteristics

VIIX is a VelocityShares VIX ETN that provides an exposure similar to long position in short-term VIX futures. It is therefore a proxy (though far from perfect) to the VIX (CBOE Volatility Index). VIIX is very similar to several other VIX ETFs and ETNs, such as VXX or VIXY (these two have been considerably more popular and more liquid than VIIX).

Direction: Long, unleveraged

Underlying index: S&P500 VIX Short-Term Futures Index ER

Exposure: Short end of the VIX futures curve (long positions in the first two VIX futures contracts, constantly rolling from the nearest to the second contract month to maintain 1 month maturity)

VIIX options: Available, but quite illiquid

Product type: ETN (exchange traded note)

Issuer: Credit Suisse AG

Provider: VelocityShares

Inception date: 29 November 2010

Official Information and Links

The VelocityShares Daily Long VIX Short-Term ETNs are senior, unsecured obligations of Credit Suisse AG acting through its Nassau branch. The return on the ETNs is linked to the daily performance of the S&P 500 VIX Short-Term Futures Index ER less the investor fee. Source: Factsheet (see links below).

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Provider website:

VIIX Quotes, Assets, and Trading Volume

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