Pass on this ETF

VELOCITYSHARES DAILY 2X VIX SHORT-TERM ETN $47.22 (Nasdaq symbol TVIX) is an exchange-traded note (ETN) that tracks the VIX Short-Term Futures Index.
While they are technically debt instruments like bonds, ETNs pay no interest and offer no protection for an investor’s principal. In many ways, they are like ETFs.
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