I shorted $XIV today

I had a couple good days and the VIX had dropped pretty strong so I shorted some $XIV as a hedge. $XIV is the Velocity Shares Daily Inverse Short Term VIX ETN.

So, it's a play on decreased volatility, when the VIX goes down, the $XIV goes up.  It's a bit more complicated than that, primarily because of the Daily in the name.  Over time, this hasn't been too great of a performer, not nearly going up as much as the $VXX or $UVXY goes down.  Since I have $UVXY short, this acts as a hedge, but not a complete one over time.

Another good day for the market, another good day for my short Bear ETFs.

	Close	Initial Short	Gain (Loss)	Percent
NUGT	9.60	10.47	0.87	8.3%
BIS	29.13	29.75	0.62	2.1%
TZA	9.42	9.90	0.48	4.8%
VIXM	53.67	54.60	0.93	1.7%
RUSS	32.68	30.40	(2.28)	-7.5%
CORN	22.99	22.68	(0.31)	-1.4%
FAZ	10.89	11.45	0.56	4.9%
UVXY	36.25	40.68	4.43	10.9%
FXP	28.22	27.58	(0.64)	-2.3%
XIV	47.34	46.56	(0.78)	-1.7%