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Shares of VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX) were the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 16,325,564 shares, an increase of 6.7% from the July 31st total of 15,293,571 shares, ARN reports. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 21,852,376 shares, the days-to-cover ratio is presently 0.7 days.

Shares of VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX) opened at 2.74 on Monday. VelocityShares Daily 2x VIX Short Term ETN has a 1-year low of $2.58 and a 1-year high of $20.82. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $4.96.

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