iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Stock Price Breaks Below Fifty Day Moving Average – Time to Sell?

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $17.87 and traded as low as $17.67. iPath Series B S&P 500 VIX Short-Term Futures ETN shares last traded at $17.79, with a volume of 9,665,354 shares trading hands.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Performance

The company’s 50 day moving average is $17.84 and its 200-day moving average is $24.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trivest Advisors Ltd grew its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 54.3% in the first quarter. Trivest Advisors Ltd now owns 309,000 shares of the company’s stock valued at $11,031,000 after acquiring an additional 108,700 shares during the period. NFSG Corp raised its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 56.2% during the third quarter. NFSG Corp now owns 22,650 shares of the company’s stock worth $399,000 after purchasing an additional 8,150 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the first quarter worth approximately $125,000.

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.