Mary Erdoes Sells 5,731 Shares of Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) Stock

Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) CEO Mary Erdoes sold 5,731 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $306.41, for a total value of $1,756,035.71. Following the transaction, the chief executive officer directly owned 613,405 shares in the company, valued at approximately $187,953,426.05. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Inverse VIX Short Term Futures ETN Stock Performance

VYLD opened at $28.08 on Thursday. Inverse VIX Short Term Futures ETN has a 52 week low of $14.30 and a 52 week high of $29.68.

Vanguard S&P 500 Covered Call ETF (NYSEARCA: VYLD) is an exchange-traded fund managed by Vanguard that combines broad exposure to large-cap U.S. equities with an options overlay designed to generate incremental income. The fund holds a portfolio intended to approximate the performance of the S&P 500 and implements a covered?call (buy?write) strategy, selling call options against the equity exposure to capture option premiums. This approach seeks to provide higher income than a plain?vanilla S&P 500 index fund while maintaining substantial participation in the U.S.