Traders Purchase High Volume of Call Options on iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX)

iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX) was the recipient of unusually large options trading on Friday. Traders bought 79,906 call options on the company. This is an increase of 57% compared to the typical volume of 50,971 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN during the 4th quarter valued at about $7,848,000. JPMorgan Chase & Co. increased its position in shares of iPath Series B S&P 500 VIX Short-Term Futures ETN by 710.8% in the third quarter. JPMorgan Chase & Co. now owns 168,433 shares of the company’s stock worth $5,585,000 after purchasing an additional 147,660 shares during the last quarter. Trivest Advisors Ltd raised its stake in 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 valued at $11,031,000 after purchasing an additional 108,700 shares in the last quarter. JBF Capital Inc. raised its stake in iPath Series B S&P 500 VIX Short-Term Futures ETN by 53.7% in the fourth quarter. JBF Capital Inc. now owns 166,000 shares of the company’s stock valued at $4,394,000 after purchasing an additional 58,000 shares in the last quarter. Finally, Potomac Capital Management Inc. purchased a new stake in iPath Series B S&P 500 VIX Short-Term Futures ETN in the fourth quarter valued at approximately $371,000.

iPath Series B S&P 500 VIX Short-Term Futures ETN Trading Up 4.8%

Shares of BATS VXX opened at $22.48 on Friday. iPath Series B S&P 500 VIX Short-Term Futures ETN has a fifty-two week low of $20.83 and a fifty-two week high of $46.97. The stock has a fifty day moving average of $24.13 and a 200-day moving average of $27.75.

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.