iPath Series B S&P 500 VIX Short-Term Futures ETN Target of Unusually Large Options Trading (BATS:VXX)

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) saw some unusual options trading activity on Thursday. Traders bought 68,318 put options on the company. This is an increase of approximately 32% compared to the typical volume of 51,836 put options.

Hedge Funds Weigh In On iPath Series B S&P 500 VIX Short-Term Futures ETN

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trivest Advisors Ltd raised its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 54.3% during the first quarter. Trivest Advisors Ltd now owns 309,000 shares of the company’s stock worth $11,031,000 after purchasing an additional 108,700 shares during the period. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 1st quarter valued at $125,000. Jump Financial LLC purchased a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 4th quarter valued at $7,848,000. JBF Capital Inc. grew its stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 53.7% during the 4th quarter. JBF Capital Inc. now owns 166,000 shares of the company’s stock valued at $4,394,000 after buying an additional 58,000 shares during the period. Finally, Potomac Capital Management Inc. acquired a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 4th quarter worth $371,000.

iPath Series B S&P 500 VIX Short-Term Futures ETN Trading Down 0.7%

Shares of VXX stock traded down $0.15 during trading hours on Thursday, hitting $22.17. 4,641,688 shares of the company were exchanged, compared to its average volume of 11,048,729. iPath Series B S&P 500 VIX Short-Term Futures ETN has a 1 year low of $21.74 and a 1 year high of $48.97. The firm has a fifty day moving average of $25.85 and a 200 day moving average of $28.31.

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.