REX VolMAXX Short VIX Futures Strat ETF
VMIN
Chicago Board Options Exchange- -
USD
- -
- -
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
FRC
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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
- Address
- 1241 Post Road Fairfield WY United States of America 6824
- IPO Date
- May 3, 2016
- CIK
- 0001452937
- Website
- exchangetradedconcepts.com
- Similar Companies
- Business
- REX VolMAXX Short VIX Futures Strategy ETF (VMIN) is an exchange-traded fund that provides inverse exposure to short-term VIX futures contracts, seeking to deliver the inverse daily performance of the S&P 500 VIX Short-Term Futures Index by actively investing in a combination of VIX futures contracts with less than one month to expiration, exchange-traded notes, and related derivatives; the fund employs short positions in these instruments to benefit from contango in the VIX futures curve and declining volatility expectations in U.S. equity markets. Exchange Traded Concepts Trust serves as the issuer, with sub-advisory services provided by Vident Investment Advisory, LLC, and the fund operates as a series within a statutory trust domiciled in the United States, targeting sophisticated investors seeking tactical volatility strategies. The ETF trades on U.S. exchanges and focuses on the derivatives segment of the financial services industry, with primary customers including institutional traders and hedge funds pursuing short-volatility positions. VMIN was launched on May 2, 2016, under the initial name Exchange Traded Concepts Trust - REX VolMAXX Short VIX Weekly Futures Strategy ETF, and later simplified its name to reflect a strategy shift; Exchange Traded Concepts LLC, the adviser founded in 2011 and headquartered in Oklahoma City, Oklahoma, oversees the fund alongside REX Shares, LLC, its co-creator and strategic partner. In 2018, the fund underwent a significant methodological update in response to market volatility events, transitioning from weekly VIX futures expiring in less than one month to futures contracts with two-to-six months to expiration effective March 7, accompanied by a name change on April 25 to enhance investor protection and reduce sensitivity to daily swings; this reorganization aimed to improve risk-adjusted performance amid the "Volmageddon" aftermath. No major partnerships, funding rounds, acquisitions, or new product launches have been reported for VMIN in the last 1-2 years, with the fund maintaining its core short VIX futures strategy amid ongoing U.S. market operations.