Along with TVIX is the evisceration of another ETN that traded far above its NAV. Supposedly set...

|By:, SA News Editor

Along with TVIX is the evisceration of another ETN that traded far above its NAV. Supposedly set up to track the returns of natural gas, GAZ, -4.8% today and 47% over 6+ sessions, as it erases a premium of more than 100% of NAV. "Everyone's late on the first trade, but are starting to look for what else is out there that could be dangerous," says Peter Tchir.