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Actionable news in TVIX: VELOCITYSHARES DAILY 2X VIX SHORT TERM ETN,

E UVXY: Pre-Split Caution Being Raised

If you have been following my coverage and analytics concerning volatility, VIX and VIX-leveraged ETFs you’ve probably done well for yourself in 2016. My greatest VIX-leveraged publications focus on ProShares Ultra VIX Short-Term Futures ETF (UVXY). The 2X leverage and long-term decay of the instrument provides for greater comfort when dedicating capital investment. UVXThe decay is so constant that for each year the instrument has traded, there has been a correlated reverse split. UVXY's most recent and 6th reverse split took place on July 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. With shares of UVXY trading at all-time lows and below $8 a share presently, Proshares Ultra VIX Short-Term Futures ETF will be considering yet another reverse split near-term and barring any unforeseen headwinds.

One of the main reasons a reverse split would take or need to take...


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