VelocityShares Daily 2x VIX ST ETN (TVIX)

[weedresearch]

I watched the other day as the SPX and VXX rose and this stayed stagnant. I was a bit in disbelief. then I read this:

Institutional Ownership and Activity
The TVIX had 36.77 million outstanding shares as of April 2016. As the issuer of the TVIX, Credit Suisse is the top institutional holder, with 105.5% of the outstanding shares, followed by algorithmic trading and market making firms Jane Street Capital LLC with 5%, Flow Traders US LLC with 1.9%, and CMT Trading LLC with 0.6%. The total institutional holdings amount to 114.4% of the total float, as the time of the report on May 24, 2016. Institutional ownership reporting can lag by up to four weeks depending on the particular institution. The exceptionally high ownership indicates that the excess 14.4% of the shares were loaned out for shorting transactions at the time of the reported holdings. Due to the exceptionally fast price decay, it is not uncommon for institutions to box a long TVIX position by short-selling the identical number of TVIX shares, at least temporarily, to buy time for the next move.

To that I say this POS can kiss my arse. so CS is shorting it, only to buy in lower... Like today you can see some divergence between the VXX and the TVIX price, as it looks like someone is loading up, or covering their short positions. fuck you CS and TVIX.