Greed, for Lack of a Better Word, Is Taking a Big Hit Today
- Inverse-volatility exchange-traded note falls from record high
- XIV ETF had more than doubled since the beginning of the year
Why QMA's Ed Keon Is a 'Nervous Bull' on Stocks
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One of the best performing trades this year reversed course Thursday as stocks fell and volatility bounced back.
The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before.