VIX ETN sets reverse split

Absent a major market selloff, the natural resting place of the iPath S&P VIX Short-term Futures ETN (VXX -1%) is zero. As the traders who frequent the product aren't fond of trading a security so low in price, reverse splits are an occasional necessity. The latest one, a 1-for-4 reverse split, will take place after Thursday's close.

The VXX is off 61% YTD.

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Comments (3)
  • Quoth the Raven
    , contributor
    Comments (2063) | Send Message
    This is like, the neverending shorting opportunity.
    6 Nov 2013, 01:01 PM Reply Like
  • Stephen Aniston
    , contributor
    Comments (3476) | Send Message
    Except for you can't short it.
    6 Nov 2013, 02:20 PM Reply Like
  • King Rat
    , contributor
    Comments (1615) | Send Message
    VXX has puts.
    6 Nov 2013, 03:41 PM Reply Like
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