BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Is it true?

[bulltraderr]

Someone posted this on Hvi.......

HVI most important fact

Did you know that if the VIX index spikes by 100% (effectivly 80%) in one day, this fund shuts down? If you didn't know that, you shouldn't have been trading this. Even if the market is calm for the next hundred years, on that day when the VIX index spikes from 10 to 20, you loose everything. This volatilty product can lull you into a false sense of security for years when things are calm, but you are always only one day, one accident, one flash crash away from loseing it all. Please understand the risks. 
So if this is true what can we do to protect it.. Thanks

[Johnny881]

This post has been removed in accordance with Community Policy

[MayorRobFord]

Forget the effectively 80% part, but technically HVI should go to 0. But VIX never rose 100% in one day, and the ETF won't terminate according to the prospectus. VXX rose 80% over the last 30 days, SVXY (US version of HVI) dropped 51%. That is the danger of shorting HVU/UVXY over buying HVI, you could lose more than your initial investment. Forgot the name of the guy shorting UVXY, but he/she

[Guruuuu]

Well explained, thanks Mayor.