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TVIX - TVIX: Don't Bank On The October Effect This Year
VelocityShares Daily 2x VIX Short-Term ETN
Over the last week, shares of the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) have continued to decline as seen in the following momentum table from Seeking Alpha.
What is particularly poignant about the above decline is that the price action over the last few days in the ETN has brought every single monitored time frame into the negative and the year-to-date return to greater than negative 80%. It is my belief that this decline will continue into the future and that the coming “October Effect” for volatility instruments is likely to not