Monday marks the first day of trading for the iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZB), a new exchange-traded note that will offer leveraged exposure to an index comprised of mid-term VIX futures. The underlying volatility benchmark consists of four-, five-, six- and seven-month futures contracts on the CBOE Volatility Index (better known as the VIX), and VZZB will deliver returns that correspond to the 2x leveraged return of that benchmark over the life of the note. Unlike ETFs that may operate indefinitely, exchange-traded notes are debt instruments that feature predetermined maturity dates. VZZB will mature in July 2021. If VZZB sounds familiar, that’s because it is essentially a resurrection of VZZ, which shut down earlier this month after the automatic termination threshold was hit. Holders of VZZ are scheduled to receive their automatic termination distribution ($10 per share) on Monday as well [see VZZ Bites The [...] Click here to read the original article on ETFdb.com. Related Posts: iPath Debuts New Breed Of Leveraged ETNs VZZ Bites The Dust: VIX Plunge Triggers Automatic Redemption Reviewing All The VIX ETF Options May ETFdb Category Kings: Best Performing ETFs Talking VIX And Volatility ETPs With Nick Cherney