XIV Profile
Credit Suisse AG issued the VelocityShares Daily Inverse VIX Short Term ETN (XIV), which was designed to provide the inverse of the daily performance of the S&P 500 VIX Short-Term Futures Index. However, the XIV was delisted from the NASDAQ in February 2018 following a sharp decline in value, caused by a significant increase in market volatility that caused the value of the underlying index to fall, leading to losses for investors in the XIV.
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