BlackRock warns of risk as inverse volatility products sink
Monday’s stock market rout left two of the most popular ETPs, which investors use to benefit from calm rather than volatile conditions, facing potential liquidation, market participants said. The VelocityShares Daily Inverse VIX Short-Term ETN sank 84 percent in after-hours trading, while the ProShares Short VIX Short-Term Futures ETF fell nearly 79 percent as investors … Read more