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UBS ETRACS Daily Short 6-Month S&P 500 VIX Futures ETN (FFVX)

FFVX is defunct since September 11, 2012. Stopped trading due to fund redemption
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FFVX 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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Country: United States
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