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Stock impact report

Credit Suisse down more than 6% as short vol ETN collapses [Seeking Alpha]

VELOCITYSHARES DAILY INVERSE V (XIV) 
US:NASDAQ Investor Relations: velocitysharesetns.com/xiv
Company Research Source: Seeking Alpha
Credit Suisse down more than 6% as short vol ETN collapsesThe Credit Suisse VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) hasplunged 85% in after hours action. Credit Suisse (NYSE:CS) is the creator of the vehicle, and also its largest holder - with 4.79M units rapidly heading to zero in value (after being worth nearly $600M at the start of the day).CS islower by 6.1% after hours.See all stocks on the move »Now read:The Next Big Short And Potential Cause For Market Decline » Show less Read more
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