UBS ETRACS Daily Short 5-Month S&P 500 VIX Futures ETN (EEVX)
EEVX is defunct since September 11, 2012. Stopped trading due to fund redemption
  • Mar. 26, 2012, 9:33 AM

    "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.

    | Mar. 26, 2012, 9:33 AM | 6 Comments
  • Mar. 23, 2012, 7:16 AM

    Credit Suisse will restart issuance of TVIX ETN units today. It was the suspension of such last month that led to the units massive premium to NAV, much, but not all of which melted away yesterday - no doubt because the market expected today's announcement. TVIX -16% premarket.

    | Mar. 23, 2012, 7:16 AM | 2 Comments
  • Mar. 12, 2012, 10:34 AM
    After a quick move higher on Tuesday's sell off, the VIX (VXX -2.6%) dives to its lowest level in a year, as calm (complacency?) reigns. John Spence notes investors cancelling insurance policies for market pullbacks by pulling cash from volatility-linked ETFs
    | Mar. 12, 2012, 10:34 AM | 2 Comments
  • Sep. 19, 2011, 1:18 PM
    The CBOE Volatility Index jumps 11% to above 34 as European drama and macroeconomic worries play out. Taking a longer view, the VIX hasn't dropped below 30 since the S&P downgraded U.S. debt in early August - showing "market fear" is still on a hair trigger.
    | Sep. 19, 2011, 1:18 PM
EEVX Description
There are six different series of ETRACS Daily Short S&P 500 VIX Futures ETNs (each, an ""ETN"" and collectively, the ""ETNs""). Each series of ETN provides short (inverse) exposure to the performance of a particular index in the S&P 500 VIX Futures Index Series (each, an ""Index"" and collectively, the ""Indices""), reduced by investor fees. Each series of the ETNs is designed as a trading vehicle for sophisticated investors. The ETNs are not intended to be a ""buy and hold"" investment. Each Index is an excess return index and is composed of futures contracts on the CBOE Volatility Index (the ""VIX Index"") having a constant weighted average maturity ranging from one month to six months, depending on the series of the ETNs purchased. The Indices are rolling Indices, each of which rolls on a daily basis according to a pre-determined schedule that has the effect of keeping constant the weighted average maturity of the underlying futures contracts.
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