Large Outflow of Money Witnessed in Daily 2X VIX ST ETN Velocityshares

Daily 2X VIX ST ETN Velocityshares (TVIX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.4 million) and the uptick to downtick ratio was 0.9. The transaction value on upticks was $21.73 million and on downticks, the transaction value was $24.13 million. In block trades, the transaction value of inflow done during uptick was $1.29 million. The transaction value of block trades during downticks was $0.54 million. The uptick to downtick block trade ratio was 2.38. The money flow was negative ($0.75 million), indicating the traders were booking profit on the price strength. Daily 2X VIX ST ETN Velocityshares (TVIX) rose $0.4 at $18.34, during intraday Wednesday , a rise of 2.23% over the previous days close.

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VelocityShares Daily 2x VIX ST ETN has lost 7.9% in the last five trading days and dropped 20.06% in the last 4 weeks. VelocityShares Daily 2x VIX ST ETN has dropped 69.32% during the last 3-month period . Year-to-Date the stock performance stands at -88.82%.

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