Large Outflow of Money Witnessed in VelocityShares Daily Inverse VIX Short Term ETN

VelocityShares Daily Inverse VIX Short Term ETN (XIV) jumped 1.18 points or 1.94% on strong buying and was last priced at $61.93 per share. The shares saw huge fund flow intraday; a massive $254.06 million made their way in through the upticks but an even bigger $273.62 million made their way out through downticks. As per the last observation, the net money flow stood at $(-19.57) million and the up/down ratio was found to be 0.93. The shares have seen a weekly value change of -0.64% .A block trade was recorded in the company shares with a net money flow of $(-5.24) million. The composite value of the funds in upticks was $10.31 million and the total value of funds in downticks was $15.55. As can be seen from the data, the block transaction had the up/down ratio of 0.66.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of VelocityShares Daily Inverse VIX ST ETN rose by 0.02% in the last five trading days and 32.47% for the last 4 weeks. VelocityShares Daily Inverse VIX ST ETN is up 67.7% in the last 3-month period. Year-to-Date the stock performance stands at 32.47%. VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) rose 1.94% or 1.18 points on Wednesday and made its way into the gainers of the day. After trading began at $61.99 the stock was seen hitting $62.56 as a peak level and $61.06 as the lowest level. The stock ended up at $61.93. The daily volume was measured at 17,949,555 shares. The 52-week high of the share price is $62.5 and the 52-week low is $15.36. The company has a market cap of $825 million.

VelocityShares

Share this post

Leave a Reply