Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) Stock Short Interest Drops 95.7%

Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 8 shares, a drop of 95.7% from the September 30th total of 186 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,257 shares, the days-to-cover ratio is presently 0.0 days.

Inverse VIX Short Term Futures ETN Stock Performance

Shares of VYLD stock opened at $30.95 on Tuesday. The firm has a fifty day simple moving average of $30.97 and a 200-day simple moving average of $29.12. Inverse VIX Short Term Futures ETN has a twelve month low of $25.94 and a twelve month high of $31.46.

Insider Activity at Inverse VIX Short Term Futures ETN

In related news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.