iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Stock Price Breaks Below 50-Day Moving Average – Should You Sell?

Shares of iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-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 changing hands.

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

The stock’s fifty day moving average is $17.87 and its 200-day moving average is $24.63.

Institutional Trading of iPath Series B S&P 500 VIX Short-Term Futures ETN

Several hedge funds have recently made changes to their positions in the company. Trivest Advisors Ltd increased its holdings in iPath Series B S&P 500 VIX Short-Term Futures ETN by 54.3% in the 1st 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 during the last quarter. NFSG Corp lifted its stake in 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 in the last quarter. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN during the first quarter worth $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.