VelocityShares’ suite of volatility ETPs includes 2x leveraged long and inverse strategies on the S&P 500 VIX Short-Term Futures Index or the S&P 500 VIX Mid-Term Futures Index. The VelocityShares VIX-related ETPs are designed to provide sophisticated institutional investors with exchange traded instruments for implementing views on volatility and hedging risks. Combinations of VIX ETFs, ETNs, futures, variance swaps and/or options may potentially be used to construct tail risk (black swan) strategies.
Sophisticated institutional investors interested in taking views on the level of implied volatility in the S&P 500® Index may use VIX-related exchange traded notes to potentially express those views.
The ETN seeks returns that are 1x the returns of the S&P 500 VIX Short-Term Futures Index ER for a single day.