Nearly as exchange-traded products that attempt to track the VIX, or other volatility gauges, have been around, these products have been heavily criticized and scrutinized. The iPath S&P 500 VIX Short-Term Futures ETN (IPATH SP 500 VIX SHORT TERM FUT ETN (NYSE: VXX)), a favorite of hedge funds and other professionals, is a prime example of the aforementioned theme.
VXX, an exchange-traded note, or ETN, which follows a basket of CBOE Volatility Index futures, has been around since January 2009. Pull out a monthly chart of VXX, and it becomes clear that if not for some reverse splits along the way, a hallmark of other volatility ETPs as well, VXX would have long ago hit zero.
Over the years, other volatility ETPs have come to market with some claiming to be better volatility ...
/www.benzinga.com/trading-ideas/long-ideas/16/05/7926009/new-vix-etfs-could-be-something-to-talk-about alt=New VIX ETFs Could Be Something To Talk About>Full story available on Benzinga.com
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