VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX) Shares Down 9.5%

VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX)’s share price were down 9.5% during mid-day trading on Wednesday . The stock traded as low as $38.33 and last traded at $38.56, approximately 10,361,834 shares traded hands during mid-day trading. A decline of 2% from the average daily volume of 10,554,104 shares. The stock had previously closed at $42.60.

The company’s fifty day moving average is $46.42 and its 200-day moving average is $27.02.

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