Credit Suisse AG issued the VelocityShares Daily Inverse VIX Short Term ETN (XIV), which was designed to provide the inverse of the daily performance of the S&P 500 VIX Short-Term Futures Index. However, the XIV was delisted from the NASDAQ in February 2018 following a sharp decline in value, caused by a significant increase in market volatility that caused the value of the underlying index to fall, leading to losses for investors in the XIV.
Credit Suisse AG issued the VelocityShares Daily Inverse VIX Short Term ETN (XIV), which was designed to provide the inverse of the daily performance of the S&P 500 VIX Short-Term Futures Index. However, the XIV was delisted from the NASDAQ in February 2018 following a sharp decline in value, caused by a significant increase in market volatility that caused the value of the underlying index to fall, leading to losses for investors in the XIV.