Exchange Traded Note VXX-Trading at All Time Low

Exchange Traded Note VXX-Trading at All Time Low 150 150 Rex Securities Law

The $2 billion iPath S&P 500 VIX Short-Term Futures exchange traded note (VXX) was down over 10% last week and now is trading at an all time low of less than $9.50 per share. In August, investors put over $700 million into this investment and according to experts this recent drop in value is the result of the positive news related to the economies of Europe and the United States.

Since this investment was launched in early 2009 at $400 per share it has been on a rocket like decline and appears headed for zero. An investor who placed $10,000 into it at inception in 2009 would now find his investment worth less than $250 today.

Notwithstanding this dismal performance, investors have placed nearly $6 billion into the VXX over the past three years, reports Lipper, Inc.

Exchange Traded Notes (ETNs) invest in short-term futures contracts tied to the Chicago Board Options Exchange Market Volatility Index and are not generally considered to be suitable for the average investor. If you were encouraged by your broker to invest in exchange traded notes and have suffered losses you may be able to recover those losses through FINRA arbitration.

Contact us to discuss your rights. We have been helping investors recover stock market losses for more than twenty years. Free consultation.

Rex Securities Law

561 391 1900

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