iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX – Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors purchased 131,611 call options on the company. This represents an increase of 146% compared to the typical daily volume of 53,478 call options.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Trivest Advisors Ltd raised its position 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 valued at $11,031,000 after purchasing an additional 108,700 shares in the last quarter. NFSG Corp boosted its holdings in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 56.2% in the 3rd quarter. NFSG Corp now owns 22,650 shares of the company’s stock valued at $399,000 after purchasing an additional 8,150 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN in the 1st quarter valued at $125,000.
iPath Series B S&P 500 VIX Short-Term Futures ETN Price Performance
VXX stock traded up $1.76 during mid-day trading on Friday, hitting $18.84. The stock had a trading volume of 36,613,413 shares, compared to its average volume of 10,044,819. The firm has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $23.10. iPath Series B S&P 500 VIX Short-Term Futures ETN has a 52 week low of $16.54 and a 52 week high of $40.83.
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.
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