Volatility Index ETF Continues to Get Crushed, Down 19 of Last 20 Days

downarrowThe iPath S&P 500 VIX Short Term Futures ETN (NYSE:VXX) put up another losing day today, its 19th negative session out of the past 20.

The largest ETN that tracks the so-called “fear index,” VXX has hit multiple new all-time lows in the past couple weeks, including another one today. Also of note:

  • VXX is now down over 50% year-to-date.
  • VXX touched below $10 for the first time ever today.
  • VXX has now fallen just about 80% from its all-time closing high of $49.51.

Volatility has been all but absent in the markets for the past several years, and VXX just continues to feel the pain. In fact, it almost appears to be decaying like the options contracts that the ETN is tied to.

The iPath S&P 500 VIX Short Term Futures ETN (NYSE:VXX) closed at $10.01, down $0.17 (-1.67%) on the day.

VXX-2016-08-01

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