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
VIIX options: Available, but quite illiquid
Product type: ETN (exchange traded note)
Issuer: Credit Suisse AG
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).
VIIX Quotes, Assets, and Trading Volume