iPath Inverse S&P 500 VIX Short-Term FuturesTM ETN (II) is an exchange traded note issued in the USA. The Notes are linked to the inverse performance of the underlying index, and are designed to approximate the returns of a short position in the S&P 500 VIX Short-Term Futures Index. The ETNs will be automatically redeemed if their value falls to or below $10 per note.
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