This thing will crash and burn very soon. Just watch. I have been burned by this POS. Another similar note went bankrupt last spring. It’s a total scam. Longs beware.
This notes divergence keeps getting larger and larger from the Vix. Others have posted how the issuer keeps issuing/selling more TVIX notes at a premium to short sellers. This is the reason for the large divergence from Vix. A few weeks ago, it was much closer divergence. Any wonder it has nose dived to the low teens from the hundreds. Never gonna get back up there. And this round won’t bottom out until .SPX’s RSI hits 70. Currently it’s at just above 50. Long ways to go. Meanwhile TVIX will be in the single digits closer to 8.5 before we see a bottom.