VelocityShares VIX Variable L/S ETN
LSVX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jul 15, 2016
- Similar Companies
- Business
- VelocityShares VIX Variable Long/Short ETN (LSVX) is an exchange-traded note issued by UBS AG (London Branch) that provides investors with variable exposure to the S&P 500 VIX Futures Variable Long/Short Index Total Return - Short Term; the ETN delivers a cash payment at maturity or upon early redemption linked to the performance of the index, which dynamically allocates between long and short positions in short-term VIX futures contracts based on market volatility signals. The product targets sophisticated investors seeking leveraged or inverse volatility strategies; it matures on July 18, 2046, trades on the NYSE Arca exchange under the ticker LSVX, and features uncapped fees that vary with volatility levels. Launched on July 14, 2016, the ETN operates primarily in the United States market with global VIX futures exposure through the issuing entity's London branch headquartered in Zurich, Switzerland. In recent years, LSVX has experienced significant operational challenges, including trading halts and low liquidity; similar VelocityShares ETNs, such as those issued under Credit Suisse (the original brand provider before UBS integration), faced delistings from major exchanges in July 2020 followed by issuer-initiated accelerations and terminations in late 2023 amid volatility crashes that eroded over 90% of value in some cases. Although LSVX shows limited over-the-counter trading activity as of 2025 with 52-week ranges between $12.32 and $33.39, no new issuances have occurred since delisting events in the VelocityShares family, reflecting broader strategic contractions in high-risk volatility ETN offerings by UBS post its 2023 acquisition of Credit Suisse. The issuer has shifted focus to more stable ETN structures, such as covered call products, while suspending creations for complex VIX-linked notes.