XIV note from Credit Suisse

C2
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Credit Suisse have announced an event acceleration of its XIV on Feb. 21st

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And it’s gone… Well now no one can complain saying C2 should ban trading it.

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ProShares, a premier provider of ETFs, announced today the performance on Monday of the ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY) was consistent with its objective and reflected the changes in the level of its underlying index. We expect the fund to be open for trading today and we intend to continue to manage the fund as usual.

I guess SVXY is ok … for now

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Except that SVXY doesn’t appear to be trading yet, or at least not reporting activity to finance.google or yahoo.

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SVXY halted trading at 3:57 this morning and no date was given for lifting the halt:

https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts

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We spoke with ProShares this morning and they confirmed that trading in SVXY should resume some time today.

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Great news. I’ll have something to buy in the next few days (or weeks).

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Trading of XIV just resumed.