The VelocityShares Daily 3x Inverse Crude Exchange-Traded Note rose 68 percent this year through yesterday while West Texas Intermediate crude dropped 19 percent. The ETN, which seeks three times inverse return of the S&P GSCI Crude Oil Index ER on a daily basis, surged sixfold in the past two years. The fund, however, may not be suitable for holding beyond one day, and is intended to be a daily trading tool “for sophisticated investors," according to the prospectus.
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