Short Sellers Fleeing Inverse VIX Fund After 24% Rally
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One of the best trades in the stock market this year has been betting on lower volatility, and by one indicator, it’s going to stay that way.
Short sellers are abandoning an exchange-traded fund that becomes more valuable during times of market tranquility after it soared 24 percent this year. Bearish bets on the fund, known as the VelocityShares Daily Inverse VIX Short-Term ETN, make up