iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Trading Down 0.5% – Time to Sell?

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXXGet Free Report) shares traded down 0.5% during trading on Monday . The company traded as low as $20.02 and last traded at $20.21. Approximately 6,564,149 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 10,528,664 shares. The stock had previously closed at $20.32.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Performance

The firm has a 50 day moving average of $22.43 and a two-hundred day moving average of $27.15.

Institutional Trading of iPath Series B S&P 500 VIX Short-Term Futures ETN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trivest Advisors Ltd grew its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 54.3% in the 1st quarter. Trivest Advisors Ltd now owns 309,000 shares of the company’s stock valued at $11,031,000 after buying an additional 108,700 shares during the last quarter. Potomac Capital Management Inc. purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the fourth quarter valued at $371,000. Jump Financial LLC purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the fourth quarter valued at $7,848,000. Bartlett & CO. Wealth Management LLC acquired a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN in the first quarter valued at $125,000. Finally, JBF Capital Inc. boosted its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 53.7% in the fourth quarter. JBF Capital Inc. now owns 166,000 shares of the company’s stock valued at $4,394,000 after acquiring an additional 58,000 shares in the last quarter.

iPath Series B S&P 500 VIX Short-Term Futures ETN Company Profile

(Get Free Report)

The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) is an exchange-traded fund that is based on the S&P 500 VIX Short-Term Futures index. The fund tracks an index with exposure to futures contracts on the CBOE Volatility Index with average one-month maturity. Exposure resets daily. VXX was launched on Jan 19, 2018 and is issued by iPath.

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