So the main culprits/victims of this weeks fall have been :-
1. The VelocityShares Daily Inverse VIX Short-Term ETN (ticker XIV) is issued by Credit Suisse
2. The ProShares Short VIX Short-Term Futures (ticker SVXY)
Both these to ETN's instruments have worn the brunt of the market volatility being both down greater than 90%
So holding thses and whos feeling the pain ?
Top of holders of XIV as of September 30 included:
• Credit Suisse with a 32% Stake
• Deutsche Bank with a 3.8% stake
• Morgan Stanley: 2.6%
• Citadel: 2.6%
• Flow Traders U.S. LLC: 1.9%
• Two Sigma: 1.2%
• CTC LLC: 1.1%
• Keel Point: 0.6%
• Jane Street Group: 0.4%
Top Holders of SVXY
• Jane Street as its top holder with a 16% stake as of September 30.
• Susquehanna’s next with 10%; other holders at Sept. 30 included
• Credit Suisse at 2.2%
• Virtu Financial: 1.8%
• Power Corp. of Canada: 1.4%
• Morgan Stanley: 1.2%
• Flow Traders U.S.: 1.1%
• Harvard Management: 0.9%
• Goldman Sachs: 0.4%
