Replies to post #32101 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[tmorr55]

The value of your position doesn't change on a RS...it just messes with the math. You'll have 275 shrs if it's a 10:1 split

"If you hold shares of TVIX before a reverse split there isn’t anything to worry about. The value of your investment stays the same through the reverse split process. You just have 10X fewer shares that are worth 10X more each. If your shareholdings are not a multiple of 10, say 43 shares, you will get 4 reverse adjusted shares and a cash payout for the 3 remaining pre-split shares."