Dallas, Texas 07/31/2013 (Financialstrend) – While there had been continuous decline in the share prices of IPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) for the past 52 weeks, the stock had recently been trading flat with minimal decline in prices for the past few days. This ETN had not proved to have presented any significant returns to the investors in the past one year of trading. Except for the recent surge in prices to the level of $22 per unit by the end of June 2013, the stock had not been trading above the level of $20 per share during the past six months.
As the ETN had moved on to set flat trend in prices for the past few days of trading with very minimal declines, it is expected that the ETN might recover from its bearish trend to move on to surge in prices in the near future. However, there had not been much significant developments in the underlying short term futures to support any higher profits from the ETN. Investors will thereby have to keep a close watch on the movement in prices to ensure that they get hold of the returns at the right time.
IPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) had closed for the day on Tuesday with $15.40 per share with a bearish behavior of 1.97% over the previous day’s closing price. The intraday movements of the stock were between a low value of $15.37 to a high value of $15.79 per share. The yearly stock price variations are between the lower value of $15.37 to a higher value of $55.28 per share. The total stock value of the company in the stock market is $1.41 billion. The trading trend of the company for its latest trading day was 3.67 million shares.