IVOP Exposure and Basic Characteristics
IVOP is a short VIX ETN by Barclays iPath, similar to XXV and also similar to more liquid short VIX ETFs and ETNs by other providers like XIV (by VelocityShares) or SVXY (by ProShares). All these exchange traded products are designed to track the inverse of S&P500 VIX Short-Term Futures Index and therefore provide short exposure to near term VIX futures.
Direction: Short, unleveraged
Underlying index: S&P500 VIX Short-Term Futures Index ER
Exposure: Short of the short end of the VIX futures curve (short positions in the first and the second VIX futures contract months – rolling to maintain constant 1 month maturity).
IVOP options: Not available
Product type: ETN (exchange traded note)
Issuer: Barclays Bank PLC
Provider: Barclays iPath
Inception date: 16 September 2011
Official Information and Links
The iPath® Inverse S&P 500 VIX Short-Term Futures™ ETN (II) is designed to provide investors with inverse exposure to the S&P 500 VIX Short-Term Futures™ Index Excess Return.
IVOP product page: www.ipathetn.com/US/16/en/details.app?instrumentId=259117
IVOP Quotes, Assets, and Trading Volume
Yahoo Finance: finance.yahoo.com/quote/IVOP