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 target of unusually large options trading on Tuesday. Stock investors purchased 66,469 call options on the company. This is an increase of approximately 64% compared to the typical daily volume of 40,626 call options.

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

Several institutional investors and hedge funds have recently bought and sold shares of VXX. Trivest Advisors Ltd grew its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 396.0% during the 3rd quarter. Trivest Advisors Ltd now owns 213,300 shares of the company’s stock valued at $7,073,000 after purchasing an additional 170,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 710.8% during the third quarter. JPMorgan Chase & Co. now owns 168,433 shares of the company’s stock valued at $5,585,000 after buying an additional 147,660 shares during the period. Quinn Opportunity Partners LLC bought a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN during the third quarter valued at $2,222,000. Hudson Value Partners LLC purchased a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN during the third quarter worth about $438,000. Finally, Canton Hathaway LLC bought a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 3rd quarter worth about $388,000.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Down 44.1%

VXX stock traded down $20.92 during mid-day trading on Tuesday, reaching $26.51. 8,298,200 shares of the company traded hands, compared to its average volume of 6,213,590. The company has a fifty day moving average price of $30.77 and a 200-day moving average price of $35.73. iPath Series B S&P 500 VIX Short-Term Futures ETN has a 52-week low of $41.04 and a 52-week high of $91.19.

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.