TVIX, UVXY - the pain continues

Even though the broader markets were lower in the morning by 0.5%, the VIX was still -4%. Both the VIX long instruments suffered badly, breaking new lows.


TVIX, daily

UVXY, daily

Summary

New historic lows for both TVIX and UVXY, whilst the VIX is back to the low of early March in the 13s.

The statistical decay really is a nightmare, those holding from early June - when the indexes floored, are now down around 75%.

*Reverse splits remain imminently due on both the TVIX and UVXY.