Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 9,737,410 shares, a decline of 42.3% from the August 15th total of 16,883,070 shares. Based on an average daily trading volume, of 16,566,344 shares, the days-to-cover ratio is currently 0.6 days.

Shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ XIV) opened at 88.14 on Friday. The firm has a 50-day moving average of $85.03 and a 200 day moving average of $78.99. Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN has a one year low of $31.72 and a one year high of $96.91.

Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN by 2.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 51,223 shares of the company’s stock valued at $4,275,000 after purchasing an additional 1,462 shares during the last quarter. Jump Trading LLC increased its position in shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN by 45.5% during the 2nd quarter. Jump Trading LLC now owns 8,000 shares of the company’s stock valued at $668,000 after purchasing an additional 2,500 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN during the 2nd quarter valued at about $401,000. SG Americas Securities LLC bought a new position in shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN during the 2nd quarter valued at about $563,000. Finally, Airain ltd bought a new position in shares of Credit Suisse AG – VelocityShares Daily Inverse VIX Short Term ETN during the 2nd quarter valued at about $941,000.

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