VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[eric4x]

BOUGHT XIV for $22, waiting for $20.*

The order was filled on Friday at 2:33:49 pm.*

If XIV keeps going down, I can still buy it for lower, as long as I can catch it in time.*

My sell limits now are $26 and $28.*

It isn't just me, but everyone is confused how XIV can be $22, while UVXY is $15, [or $14.99], (VIX 25.76).*

On June 13, about two weeks earlier, XIV was $25.15 and UVXY was $15.70, (VIX 21.96); In other words, we all think that UVXY should have gone much higher. I calculate above $19. The decay can't be THAT bad, can it?*