New York, NY -- (ReleaseWire) -- 04/23/2013 --MetroPCS Communications, Inc. (NYSE: PCS) will issue a press release reporting financial and operational results for the first quarter of 2013 on Thursday, April 25, 2013 at 6:00 a.m. Eastern Time (ET).
Dallas-based MetroPCS Communications, Inc. (PCS) is a provider of no annual contract, unlimited wireless communications service for a flat-rate. MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. With Metro USA(SM), MetroPCS customers can use their service in areas throughout the United States covering a population of over 280 million people. As of December 31, 2012, MetroPCS had approximately 8.9 million subscribers.
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VelocityShares Daily Inverse VIX Short Term ETN (NYSE: XIV) traded at $ 21.75 in the last session, which is +0.47 (2.21%). The stock has a Range of 20.74 - 22.01. The stock has a 52 week low and high of 8.07 - 25.69 respectively. The stock has a Market Cap of 522.46M. The stock traded a volume of 1.36 M in its last session.
The investment seeks to replicate, net of expenses, the inverse of the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The ETNs are linked to the daily inverse return of the index and do not represent an investment in the inverse of the VIX.
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