VelocityShares Daily 2x VIX ST ETN (TVIX)

[Headley Lamar]

Futures are being manipulated and that is all that is going on here. Some hedge funds have gotten together and realized that the can run up the futures contracts and make money by going long on leveraged bull ETNs and short bear ETNs.

Simple as pie. Spend $1 billion running up futures and make $2 billion shorting every leveraged bear ETN. Until volume comes back or until a major market event happens, retail investors are at their mercy. They can literally run this thing down to the pennies.