iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) Stock Price Down 4% – Here’s What Happened

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)’s stock price was down 4% on Friday . The company traded as low as $45.72 and last traded at $45.76. Approximately 4,001,578 shares traded hands during mid-day trading, The stock had previously closed at $47.65.

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

The business’s 50-day moving average price is $50.63 and its 200-day moving average price is $48.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iPath Series B S&P 500 VIX Short-Term Futures ETN stock. BNP Paribas Financial Markets bought a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,740 shares of the company’s stock, valued at approximately $235,000.

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.