VelocityShares Daily 2x VIX Short-Term ETN (TVIXF) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
VelocityShares Daily 2x VIX Short-Term ETN has announced a return to reported net profits and capital accretion, highlighting a significant quarter of progress with a reported net profit of 1.8 billion. The company has also achieved a milestone of 1 billion in annualized cost savings, moving towards a 13 billion target, and is on track with integration plans including legal entity restructuring. Despite market uncertainties, the firm has shown strong client asset growth, particularly in Global Wealth Management with invested assets surpassing 4 trillion.
For further insights into TVIXF stock, check out TipRanks’ Stock Analysis page.