iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Shares Break Above Fifty Day Moving Average – Here’s Why

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.88 and traded as high as $22.30. iPath Series B S&P 500 VIX Short-Term Futures ETN shares last traded at $22.20, with a volume of 70,016,399 shares changing hands.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Up 30.1%

The stock has a fifty day moving average of $17.88 and a 200-day moving average of $24.41.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trivest Advisors Ltd raised its stake in shares of 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 worth $11,031,000 after acquiring an additional 108,700 shares during the last quarter. NFSG Corp grew its stake 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 valued at $399,000 after purchasing an additional 8,150 shares during 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 first quarter valued at approximately $125,000.

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.