iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Shares Down 4% – Time to Sell?

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)’s stock price was down 4% during mid-day trading on Friday . The stock traded as low as $45.72 and last traded at $45.76. Approximately 4,001,578 shares changed hands during mid-day trading, The stock had previously closed at $47.65.

iPath Series B S&P 500 VIX Short-Term Futures ETN Trading Down 4.0 %

The stock has a fifty day moving average of $50.63 and a 200 day moving average of $48.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN stock. BNP Paribas Financial Markets purchased a new position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,740 shares of the company’s stock, valued at approximately $235,000.

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.