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I have never seen a tracking error in the ETFs up until today. This ETFs track their holdings (the vix futures well). For whatever reason, after tracking everything correctly up until yesterday, they now appear to be acting illogical given what they own. The nav will come up at 4:15 and that...

Hi, I am wondering what is happening with this ETFs as of 8/25. The ETF SVXY, which holds a short position in the 1st and 2nd month VIX futures, is in negative terrorority today even though the vix futures are down. This obviously makes no sense. Similar things are happening with other ETFs...