Volatility-linked ETFs rose along with the CBOE Volatility Index after the Dow Jones Industrial average sold off more than 400 points, ETF Trends reports. The VIX climbed nearly 30% to increase above 40. The iPath S&P 500 VIX Short-Term Futures ETN rose14% and the VelocityShares Daily Inverse VIX Short Term ETN’s shares increased by 49.9 million. Due to the fluctuations in the S&P 500, the VIX jumped 50% to 48 on August 8, followed by a 27% drop the next day.
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