iPath Debuts IVO Successor

By: ETFdb
After announcing the automatic termination last week of the Inverse January 2021 S&P 500 VIX Short-Term Futures ETN (IVO), iPath was quick to roll out a successor fund that will maintain a generally similar investment objective. Monday marked the first day of trading for the Inverse S&P 500 VIX Short-Term Futures ETN (IVOP), which will offer inverse exposure to an index comprised of daily rolling positions in first and second month VIX futures contracts. The new ETN will mature in September 2021, and will also feature an automatic redemption trigger at $10 per share (shares in IVOP began trading at $20). IVO hit the $10 level last week, triggering a redemption of the notes by Barclays. Earlier this year, Barclays also redeemed its Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZ) and subsequently issued VZZB, which offers generally similar exposure. Under The Hood: Inverse VIX ETFs The new ETN [...] Click here to read the original article on ETFdb.com. Related Posts: Another ETN Bites The Dust: Barclays To Redeem IVO Inverse VIX ETNs: Reviewing All The Options August ETF Stats: Keeping The Winning Streak Alive (Just Barely) iPath Rolls Out Dynamic VIX ETN (XVZ) Volatility ETFs: The Real Safe Haven?
After announcing the automatic termination last week of the Inverse January 2021 S&P 500 VIX Short-Term Futures ETN (IVO), iPath was quick to roll out a successor fund that will maintain a generally similar investment objective. Monday marked the first day of trading for the Inverse S&P 500 VIX Short-Term Futures ETN (IVOP), which will offer inverse exposure to an index comprised of daily rolling positions in first and second month VIX futures contracts.  The new ETN will mature in September 2021, and will also feature an automatic redemption trigger at $10 per share (shares in IVOP began trading at $20). IVO hit the $10 level last week, triggering a redemption of the notes by Barclays. Earlier this year, Barclays also redeemed its Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZ) and subsequently issued VZZB, which offers generally similar exposure. Under The Hood: Inverse VIX ETFs The new ETN [...]

Click here to read the original article on ETFdb.com.

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