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) was the recipient of unusually large options trading on Friday. Stock traders bought 79,906 call options on the company. This is an increase of 57% compared to the typical daily volume of 50,971 call options.

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

Shares of VXX traded up $1.10 during trading hours on Friday, hitting $22.55. The company had a trading volume of 7,210,663 shares, compared to its average volume of 10,746,576. The firm has a fifty day moving average price of $24.25 and a 200-day moving average price of $27.79. iPath Series B S&P 500 VIX Short-Term Futures ETN has a 52-week low of $20.83 and a 52-week high of $46.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VXX. JPMorgan Chase & Co. grew its holdings 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 valued at $998,000 after buying an additional 14,023 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in iPath Series B S&P 500 VIX Short-Term Futures ETN by 715.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,084 shares of the company’s stock worth $35,000 after acquiring an additional 951 shares during the last quarter. Potomac Capital Management Inc. bought a new position 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 position 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. Finally, Jump Financial LLC purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN during the 4th quarter valued at $7,848,000.

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.