$TVIX Will Undergo a 1 for 10 Reverse Split

“Credit Suisse’s (CS) leveraged volatility-trading note — the one at the center of a trading controversy earlier this year – will undertake a procedure this week that should help it stick around U.S. markets.

On Friday, the bank announced a 1-for-10 reverse splitfor the VelocityShares Daily 2x VIX Short Term ETN (TVIX), a move that will increase its price by a factor of ten while reducing share count similarly.”

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