Might the TVIX be delisted soon? The leveraged short-term VIX ETN broke the buck morning after...

|By:, SA News Editor

Might the TVIX be delisted soon? The leveraged short-term VIX ETN broke the buck morning after losing 97% of its value YTD. Volatility ETNs are essentially designed to hit zero unless subjected to occasional reverse-splits. The TVIX is the only widely held of the VIX products not to get one this fall, suggesting its manager cannot figure out how to track the index properly and wants it to go away.