Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,191 shares, an increase of 1,755.2% from the April 30th total of 172 shares. Based on an average daily volume of 976 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the shares of the stock are sold short.
Insider Buying and Selling at Inverse VIX Short Term Futures ETN
In related news, insider Lori A. Beer sold 3,165 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $300.05, for a total transaction of $949,658.25. Following the sale, the insider owned 66,783 shares of the company’s stock, valued at approximately $20,038,239.15. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Marianne Lake sold 6,427 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $298.36, for a total value of $1,917,559.72. Following the transaction, the chief executive officer directly owned 76,402 shares of the company’s stock, valued at $22,795,300.72. The trade was a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 220,202 shares of company stock worth $67,335,678 in the last ninety days.
Inverse VIX Short Term Futures ETN Trading Up 0.4%
Shares of NYSEARCA VYLD traded up $0.11 during midday trading on Wednesday, hitting $28.87. 726 shares of the company’s stock were exchanged, compared to its average volume of 2,522. Inverse VIX Short Term Futures ETN has a 12-month low of $24.18 and a 12-month high of $28.87. The firm has a fifty day moving average price of $27.67.
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.
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