Wall Street is piling back into the trade that blew up earlier this week
|02/10/2018||Posted by BusinessMediaguide.Com under General World News||
- Traders are piling back into the short-volatility trade that imploded earlier this week.
- Assets under management by the ProShares Short VIX Short-Term Futures ETF have more than doubled since Tuesday.
Wall Street is unpredictable by nature, but this is one for the books.
Traders are pouring back into the trade that imploded earlier this week: Short volatility.
The ProShares Short VIX Short-Term Futures ETF (SVXY) and VelocityShares Daily Inverse VIX Short-Term ETN (XIV) blew up in after-market trading Monday, falling from a combined $3 billion to $150 million — nearly 95% of their value in mere minutes. Credit Suisse read more >>>