On November 9, iPath Series B S&P 500 VIX Short-Term Futures ETN fell 8.11% in Regular Trading, trading at $20.15, with turnover of $79.11 million.
The move aligns with a pullback in the CBOE Volatility Index after a sharp volatility spike. Recent market reports showed VIX had surged to 28.18 during a broad equity selloff, up 69.66% from 16.61 a day earlier, before retreating. Because iPath Series B S&P 500 VIX Short-Term Futures ETN is linked to short-term VIX futures, it tends to react sharply when near-term volatility expectations cool.
Earlier in the week, VIX had dropped to around 16.97, then rebounded rapidly above 28 as Nasdaq and AI-related equities sold off heavily, underscoring unusually wide swings in implied volatility. That backdrop helps explain why the ETN reversed lower as fear pricing eased from peak levels.
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.
(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.)
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