iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Stock Price Down 42.5% – Should You Sell?

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) shares fell 42.5% during trading on Tuesday . The company traded as low as $43.43 and last traded at $27.2470. 8,298,200 shares traded hands during trading, an increase of 34% from the average session volume of 6,213,590 shares. The stock had previously closed at $47.42.

iPath Series B S&P 500 VIX Short-Term Futures ETN Trading Down 42.5%

The stock has a 50 day moving average of $28.12 and a 200-day moving average of $33.50.

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

A number of large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 715.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,084 shares of the company’s stock worth $35,000 after buying an additional 951 shares during the period. Canton Hathaway LLC purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 3rd quarter valued at about $388,000. Hudson Value Partners LLC purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the 3rd quarter valued at about $438,000. JPMorgan Chase & Co. grew its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 207.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,773 shares of the company’s stock worth $998,000 after acquiring an additional 14,023 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the third quarter worth approximately $2,222,000.

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.