Sneaky Falcon Enterprises, LLC has sold 27 shares of the Credit Suisse VelocityShares Daily Inverse VIX Short Term ETN (Ticker NASDAQ:XIV).
In our biggest short term blunder since Lending Club, the Sneaky Falcon team once again has opted to cut its losses short by dumping its position in XIV.
The 27 shares were sold at a price of $64.30, resulting in $1,729 in cash (after commission). The trade lost $266 in exactly a month, or -13%.
Perhaps we should have followed the original recommendation to follow the VIX, as opposed to play the inverse. It seems investors are starting to feel weary about how long this Bull can continue, and tensions mounting across the globe are placing added pressure on the markets.
Check out all of Sneaky Falcon’s current and past holdings on our portfolio page!