iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Shares Down 0.5% – Here’s Why

Shares of iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) dropped 0.5% during mid-day trading on Monday . The stock traded as low as $20.02 and last traded at $20.21. 6,564,149 shares were traded during 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 Trading Down 0.5%

The business’s fifty day moving average is $22.52 and its 200 day moving average is $27.20.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 207.7% during the second quarter. JPMorgan Chase & Co. now owns 20,773 shares of the company’s stock worth $998,000 after buying an additional 14,023 shares during the period. Potomac Capital Management Inc. acquired a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 4th quarter valued at approximately $371,000. JBF Capital Inc. lifted its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 53.7% in the 4th 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. Jump Financial LLC bought a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 4th quarter valued at approximately $7,848,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN during the 1st quarter worth approximately $125,000.

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

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.