Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) Trading Down 0.7% – Here’s What Happened

Shares of Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) fell 0.7% during trading on Wednesday . The stock traded as low as $29.26 and last traded at $29.26. 8,338 shares were traded during mid-day trading, an increase of 226% from the average daily volume of 2,555 shares. The stock had previously closed at $29.47.

Inverse VIX Short Term Futures ETN Price Performance

The stock’s fifty day simple moving average is $28.41.

Insiders Place Their Bets

In related news, insider Lori A. Beer sold 3,165 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $300.05, for a total transaction of $949,658.25. Following the transaction, the insider directly owned 66,783 shares in the company, valued at approximately $20,038,239.15. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary E. Erdoes sold 6,648 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $298.36, for a total value of $1,983,497.28. Following the transaction, the chief executive officer owned 632,399 shares in the company, valued at $188,682,565.64. This trade represents a 1.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 220,202 shares of company stock valued at $67,335,678.

Vanguard S&P 500 Covered Call ETF (NYSEARCA: VYLD) is an exchange-traded fund managed by Vanguard that combines broad exposure to large-cap U.S. equities with an options overlay designed to generate incremental income. The fund holds a portfolio intended to approximate the performance of the S&P 500 and implements a covered‑call (buy‑write) strategy, selling call options against the equity exposure to capture option premiums. This approach seeks to provide higher income than a plain‑vanilla S&P 500 index fund while maintaining substantial participation in the U.S.