VelocityShares Daily 2x VIX Short-Term ETN
TVIXF
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Nov 30, 2010
- CIK
- 0001053092
- Similar Companies
- Business
- VelocityShares Daily 2x VIX Short-Term ETN (TVIXF) is an exchange-traded note (ETN) that provides investors with leveraged exposure to the S&P 500 VIX Short-Term Futures Index ER, delivering 2x the daily performance of the index, which tracks a rolling position in the first- and second-month VIX futures contracts; the ETN is unsecured senior debt issued by Credit Suisse AG (Nassau Branch) and was launched on November 29, 2010, originally listed on NYSE Arca before delisting, with a scheduled maturity of December 4, 2030. The product targets sophisticated investors seeking short-term volatility trading strategies tied to implied volatility in the S&P 500, operating within the derivatives and volatility exchange-traded products segment; it trades over-the-counter following delisting and has shown extreme price volatility with significant historical declines. VelocityShares, the brand provider founded in 2009 and previously headquartered in Darien, Connecticut, developed the ETN as part of a suite of leveraged volatility instruments including VIX Short-Term ETN and Medium-Term variants; the brand was acquired by Janus Capital Group (now Janus Henderson) in 2014 before Credit Suisse assumed issuance responsibilities. In recent major changes, Credit Suisse accelerated the ETNs at its option in October 2023, setting an acceleration date of October 31, 2023, for TVIXF alongside related products like ZIVZF and VIIXF, following the bank's delisting of VelocityShares ETNs in 2020 and its takeover by UBS Group AG earlier that year; these actions resulted in cash settlements for remaining holders amid portfolio rationalization post-acquisition. The ETN now trades delisted on OTC markets with minimal liquidity and a last reported price around $0.07 as of early 2024, reflecting ongoing wind-down processes under UBS oversight.