VelocityShares VIX Short-Term ETN
VIIX
NASDAQ Global Market- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Nov 29, 2010
- Similar Companies
- Business
- VelocityShares VIX Short-Term ETN (VIIX) is an exchange-traded note (ETN) issued by Credit Suisse AG acting through its Nassau branch that provides unleveraged exposure to the short end of the VIX futures curve by tracking the daily performance of the S&P 500 VIX Short-Term Futures Index ER, less investor fees; the index comprises long positions in the first and second month VIX futures contracts with daily rolling to maintain an average one-month constant maturity. VIIX offers investors a proxy to short-term VIX futures volatility tied to implied volatility in the S&P 500 Index via CBOE Volatility Index (VIX) futures, suitable for tactical trading of expected volatility increases rather than long-term holding due to contango decay effects. The ETN targets institutional and retail investors seeking volatility exposure without direct futures trading. Launched on November 29, 2010, and originally listed on major U.S. exchanges, VIIX trades over-the-counter under the ticker VIIXF following its delisting from exchanges on July 2, 2020, alongside related VelocityShares products like TVIX; it remains outstanding with a scheduled maturity date of December 4, 2030. Headquartered through issuer Credit Suisse AG in Zurich, Switzerland, with U.S. operations via the Nassau branch, the product operates principally in U.S. capital markets. In October 2023, Credit Suisse announced the acceleration at its option of VIIXF and several peer VelocityShares VIX ETNs (including TVIXF and ZIVZF), triggering early redemption provisions amid post-issuer acquisition dynamics following UBS's 2023 takeover of Credit Suisse; shareholders received cash distributions, such as approximately $3.50 per share for VIIXF in related 2023 liquidations. No subsequent product relaunches, new issuances, or strategic partnerships specific to VIIX have emerged as of late 2025, reflecting a broader wind-down of the VelocityShares VIX ETN lineup amid low liquidity and market shifts away from certain short-volatility structures. The ETN continues minimal OTC trading without active promotion or operational expansions.