iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Shares Down 0.1% – Here’s Why

Shares of iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) traded down 0.1% during trading on Tuesday. The stock traded as low as $16.54 and last traded at $16.68. Approximately 4,816,979 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 9,898,052 shares. The stock had previously closed at $16.69.

iPath Series B S&P 500 VIX Short-Term Futures ETN Trading Down 0.1%

The company’s 50-day simple moving average is $18.27 and its 200 day simple moving average is $23.39.

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

An institutional investor recently raised its position in iPath Series B S&P 500 VIX Short-Term Futures ETN stock. Trivest Advisors Ltd increased its holdings in iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) by 54.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 309,000 shares of the company’s stock after purchasing an additional 108,700 shares during the quarter. iPath Series B S&P 500 VIX Short-Term Futures ETN accounts for about 0.8% of Trivest Advisors Ltd’s holdings, making the stock its 19th largest holding. Trivest Advisors Ltd owned 4.16% of iPath Series B S&P 500 VIX Short-Term Futures ETN worth $11,031,000 as of its most recent SEC filing.

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.