VelocityShares 1x Daily Inverse VSTOXX Futures ETN
EXIV
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- May 2, 2017
- Similar Companies
- Business
- VelocityShares 1x Daily Inverse VSTOXX Futures ETN (EXIV), issued by UBS AG, seeks to provide inverse exposure to the performance of the VSTOXX Short-Term Futures Inverse Investable Index USD, which reflects a daily -1x return on a portfolio of short-term VSTOXX futures contracts measuring implied volatility of the EURO STOXX 50 Index; the ETN carries an annual investor fee of 1.35% and is structured as an unsecured senior debt note linked exclusively to this index without distributing dividends or K-1 forms. Launched on May 2, 2017, and listed on the Bats BZX Exchange (ticker: EXIV), the product targeted investors seeking to profit from declines in European equity volatility, competing with similar instruments like its long counterpart EVIX; it operated primarily in U.S. and European markets with trading influenced by European session hours. Headquartered in Zurich, Switzerland, as part of UBS's broader exchange-traded note (ETN) offerings under the ETRACS and VelocityShares brands, EXIV focused on volatility derivatives without physical assets or collateral beyond UBS's creditworthiness. In March 2020, UBS exercised its optional early call redemption on all outstanding EXIV securities, announced on March 20, with delisting from NYSE Arca effective prior to trading on the April 9, 2020, call settlement date; holders received the closing indicative value from April 6, 2020, amid market turmoil from the COVID-19 volatility spike, marking a significant operational termination without reaching predefined stop-loss triggers. This redemption aligned with similar actions on related volatility ETNs like EVIX and reflected UBS's strategic decision to suspend further sales and unwind low-liquidity products during heightened VSTOXX futures volatility. Post-redemption, EXIV ceased active trading, with assets under management previously around $59.65 million, and no relaunches, new issuances, or successor products announced as of 2025; residual quotes may appear on select platforms but represent defunct status.