Insider Selling: Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) General Counsel Sells 5,467 Shares of Stock

Inverse VIX Short Term Futures ETN (NYSEARCA:VYLD) General Counsel Stacey Friedman sold 5,467 shares of Inverse VIX Short Term Futures ETN stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stacey Friedman also recently made the following trade(s):

• On Wednesday, May 20th, Stacey Friedman sold 5,468 shares of Inverse VIX Short Term Futures ETN stock. The stock was sold at an average price of $300.27, for a total value of $1,641,876.36.

Inverse VIX Short Term Futures ETN Price Performance

VYLD traded up $0.03 during trading on Monday, reaching $29.49. 562 shares of the company traded hands, compared to its average volume of 2,522. Inverse VIX Short Term Futures ETN has a 12-month low of $24.48 and a 12-month high of $29.55. The business’s fifty day simple moving average is $28.45.

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.