Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) Insider Sells $903,525.00 in Stock

Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $361.41, for a total value of $903,525.00. Following the completion of the sale, the insider directly owned 73,547 shares of the company’s stock, valued at $26,580,621.27. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Inverse VIX Short Term Futures ETN Stock Performance

Shares of VYLD opened at $30.41 on Friday. The stock’s fifty day moving average price is $29.63 and its two-hundred day moving average price is $28.47. Inverse VIX Short Term Futures ETN has a 1 year low of $25.00 and a 1 year high of $30.63.

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.