iPath Series B S&P 500 VIX Short-Term Futures ETN Target of Unusually Large Options Trading (BATS:VXX)

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) was the target of some unusual options trading activity on Tuesday. Stock traders bought 67,229 call options on the stock. This represents an increase of 41% compared to the typical daily volume of 47,653 call options.

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

Several large investors have recently modified their holdings of VXX. FNY Investment Advisers LLC grew its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 715.0% during 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. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 1st quarter worth approximately $125,000. Potomac Capital Management Inc. acquired a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 4th quarter worth approximately $371,000. JPMorgan Chase & Co. grew its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 207.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,773 shares of the company’s stock worth $998,000 after buying an additional 14,023 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the third quarter valued at approximately $2,222,000.

iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Up 2.8%

Shares of BATS VXX traded up $0.69 during mid-day trading on Tuesday, reaching $25.45. The company had a trading volume of 12,928,958 shares, compared to its average volume of 11,157,243. iPath Series B S&P 500 VIX Short-Term Futures ETN has a one year low of $23.43 and a one year high of $56.01. The business’s 50-day simple moving average is $28.98 and its 200 day simple moving average is $29.42.

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.