VIX ETP Investors Quickly Forgive Turmoil and Get Back in the Game
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Exchange-traded products tracking VIX futures are seeing their first signs of life after investors yanked more than $570 million from two ETPs following the spike in market volatility.
The VelocityShares Daily 2x VIX Short Term ETN, known by its ticker TVIX, took in more than $20 million this week, the first time the $300 million ETN has seen inflows this month, according to Bloomberg data. And the $210 million ProShares Ultra VIX Short-Term Futures fund, or UVXY, gathered $13.3 million, the data show. Both funds promise to provide twice the performance of the Cboe SPX Volatility Index.