Tracking
Playing this etf in a trading contest and I am glad I am not investing my actual money here. When the VIX drops intraday, this drops. When the VIX goes up, it either stays where it is or goes down. You can't win with this thing unless the VIX explodes. The spot VIX is pretty much where it was when I bought this but this etf is down 7 cents from my entry.