Stock Traders Buy High Volume of Put Options on iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) saw unusually large options trading on Monday. Stock traders bought 61,086 put options on the company. This represents an increase of 25% compared to the average volume of 48,845 put options.

Institutional Investors Weigh In On 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 company. Trivest Advisors Ltd raised its stake in 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 acquiring an additional 108,700 shares during the period. Bartlett & CO. Wealth Management LLC bought a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 1st quarter valued at about $125,000. 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 about $7,848,000. JBF Capital Inc. raised 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 during the period. Finally, Potomac Capital Management Inc. bought a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 4th quarter valued at about $371,000.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Down 6.2%

Shares of iPath Series B S&P 500 VIX Short-Term Futures ETN stock traded down $1.49 on Monday, reaching $22.71. 6,508,618 shares of the company traded hands, compared to its average volume of 11,164,081. iPath Series B S&P 500 VIX Short-Term Futures ETN has a 52 week low of $22.64 and a 52 week high of $55.57. The company has a 50 day moving average of $28.03 and a 200 day moving average of $29.09.

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

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.