Volatility ETF Crash: Important Takeaways

As volatility spiked, two inverse volatility ETPs collapsed this week; here is what investors need to know (XIV, SVXY, SPY).

[psestock]

What happens to the people who are short at 145 in xiv? Many thanks

[laipetersg]

You mentioned the Velocity Daily Inverse VIX Short-Term ETN, does it apply to particularly to inverse VIX or/and any inverse products . Issuer only liquidate the inverse ETN but not the non inverse, can I say it affects the inverse ones ? What will be the usual liquidation price & how much will investors lose out, any possibility that zero value ? What about those non inverse VIX like Velocityshares Daily 2X VIX Short Term ETN ?