iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Trading 7.5% Higher – Time to Buy?

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) was up 7.5% on Tuesday . The stock traded as high as $45.16 and last traded at $50.98. Approximately 8,298,200 shares were traded during trading, an increase of 56% from the average daily volume of 5,335,224 shares. The stock had previously closed at $47.42.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Up 1.7 %

The company has a 50 day moving average of $46.02 and a two-hundred day moving average of $47.58.

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

A number of institutional investors and hedge funds have recently made changes to their positions in VXX. Canton Hathaway LLC purchased a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the fourth quarter valued at approximately $94,000. BNP Paribas Financial Markets bought a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 3rd quarter valued at about $235,000. Jump Financial LLC bought a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN in the fourth quarter worth approximately $276,000. Finally, Trivest Advisors Ltd grew its holdings in iPath Series B S&P 500 VIX Short-Term Futures ETN by 14.3% during the fourth quarter. Trivest Advisors Ltd now owns 245,000 shares of the company’s stock valued at $11,221,000 after purchasing an additional 30,600 shares during the period.

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.