IVOP (iPath Inverse S&P 500 VIX Short-Term Futures ETN II)

IVOP was a short VIX ETN which ceased trading on 23 March 2018.

IVOP Exposure and Basic Characteristics

IVOP was a short VIX ETN by Barclays iPath, similar to XXV (delisted) and also similar to more liquid short VIX ETFs and ETNs by other providers like XIV (by VelocityShares, delisted) or SVXY (by ProShares, still trading).

All these exchange traded products are/were 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 (negative position) of the short end (near term) of the VIX futures curve (short positions in the first and the second VIX futures contract months – rolling to maintain constant one month maturity).

IVOP options: Not available

Product type: ETN (exchange traded note)

Issuer: Barclays Bank PLC

Provider: Barclays iPath

Inception date: 16 September 2011

Closing date: 23 March 2018

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IVOP product page is no longer active (previously at http://www.ipathetn.com/US/16/en/details.app?instrumentId=259117).

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