Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) CEO Douglas Petno Sells 5,659 Shares

Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) CEO Douglas Petno sold 5,659 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $300.05, for a total transaction of $1,697,982.95. Following the transaction, the chief executive officer directly owned 224,619 shares of the company’s stock, valued at $67,396,930.95. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Inverse VIX Short Term Futures ETN Stock Performance

NYSEARCA VYLD traded down $0.06 on Friday, reaching $28.22. The company had a trading volume of 1,552 shares, compared to its average volume of 2,680. Inverse VIX Short Term Futures ETN has a 12 month low of $23.87 and a 12 month high of $28.49. The stock’s 50 day moving average is $27.43.

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.