TVIX, daily
UVXY, daily
Summary
With the VIX closing 5% lower, the TVIX and UVXY had another lousy trading day.
The long term trend of terminal decline continues.
A reminder on the VIX
It is notable that whilst the VIX is still somewhat above its August lows (13s), the leveraged VIX instruments are doing what they do best...decay.
As it says on page'1 of the prospectus..these are for short term trading only.
*It is kinda surprising that Velocity Shares - those who run the TVIX, have not yet done another reverse split. Doubtless one is coming, probably 1 for 10..or even 1 for 20.. We'll see that price kicked back up into the 30s or 40s..only to see it decay away.
If there is one other constant in the market these days (in addition to the 'high level' manipulation)..it is the statistical decay of those leveraged derivatives.
