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"TVIX only $6.50 above fair value," tweets a wise guy as shares in the leveraged ETN are...
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Monday, March 26, 2012, 9:33 AM ET"TVIX only $6.50 above fair value," tweets a wise guy as shares in the leveraged ETN are hammered again this morning, -8.4% to $6.56, bringing the decline to 55% in less than 3 days. ETN prices can vary widely from NAV, leading to excessively high premiums when shares become dear, and then the correction when the issuer prints up more.
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This news story has 6 comments:
Why not full power on the CUs?
CS Fully Bloated and Loaded on VIX Futures but maybe not enough to cover full demand of TVIX?
Then one could expect this to happen again since the problem has not been resolved... especially when and if the market "starts" to fall which may not happen.
When you say Print ... are you thinking ETF?
Period.