VelocityShares Daily 2x VIX Short-Term ETN (TVIXF) has released an update.
VelocityShares Daily 2x VIX Short-Term ETN has announced a return to profitability with a net profit of $1.8 billion and strong revenue growth across its core businesses. The company has made significant progress on its integration plans, including the acquisition of Credit Suisse, and is on target for $13 billion in cost savings. With a reinforced balance sheet, the firm is poised to meet its capital return targets for the year, including dividend increases and share repurchases.
For further insights into TVIXF stock, check out TipRanks’ Stock Analysis page.
