On November 6, iPath Series B S&P 500 VIX Short-Term Futures ETN fell 8.11% in Regular Trading, trading at $20.535, with turnover of $205 million.
The move followed a pullback in volatility-linked products after the VIX had surged to 28.18 during the prior market selloff, up 69.66% from 16.61, and then retreated as short-term volatility expectations eased. Recent market reports showed the VIX had swung sharply from around 16.97 on November 4 to above 24 and 27 on November 5 amid a heavy technology-led selloff, before volatility products reversed lower on November 6.
The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.
The investment seeks a return linked to a leveraged participation in the quarterly performance of the STOXX Europe 50® USD Gross Return Index. The index is composed of 50 European blue-chip companies selected from within the STOXX Europe 600 Index.
Comments