VIX ETF Traders are Gluttons for Punishment
The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) is down 36% year to date but investors looking for a hedge against a stock-market pullback have pumped nearly $700 million into the volatility-linked exchange traded product. But wait, it gets worse. VXX plummeted 77.6% last year as...
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