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iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)

Trading--Miscellaneous | Exchange Traded Fund | Cboe US
21.78 USD +0.65 (3.076%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:⯪☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 6:32 a.m. EDT

The iPath Series B S&P 500 VIX Short-Term Futures ETN is a catastrophic long-term hold, offering zero utility for investors seeking income or capital preservation. The underlying asset is a leveraged bet on market fear, which has collapsed over the last seven years, evidenced by a staggering 97.85% cumulative loss. While the price recently ticked up 9.28% year-over-year, this is a minor blip in a decade-long secular downtrend where the asset has lost nearly all its value. There is no dividend to provide any cushion, and the business model relies on rolling futures contracts that inevitably decay, making it a 'value trap' for anyone looking for a bargain. Short-term momentum remains weak, with the price trading well below its 50-day and 200-day averages, confirming that the recent recovery is insufficient to reverse the long-term bear case. The options market reinforces this view, with heavy put buying at lower strikes indicating traders are bracing for further declines rather than a volatility explosion.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.044212
MSTL0.062155
AutoTheta0.099059
AutoARIMA0.101953
AutoETS0.140235

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 36%
H-stat 4.79
Ljung-Box p 0.000
Jarque-Bera p 0.268
Excess Kurtosis 0.13

As of July 11, 2026, 6:32 a.m. EDT: Speculators are aggressively positioning for a continued decline in volatility. Call open interest is heavily skewed out-of-the-money (OTM), creating a massive 'wall' of resistance at strikes like $22.50 and $23.00 for near-term expirations, while put open interest dominates at lower strikes ($16-$21). This distribution suggests a market consensus expecting the VIX to remain suppressed or drop further, with significant capital betting against a spike above current levels.


Info Dump

Attribute Value
All Time High 5,045.76
All Time Low 21.065
Ask 21.88
Ask Size 1,100
Average Daily Volume10 Day 7,732,430
Average Daily Volume3 Month 8,921,036
Average Volume 8,921,036
Average Volume10Days 7,732,430
Beta3 Year 45.83
Bid 21.83
Bid Size 1,100
Category Trading--Miscellaneous
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 21.96
Day Low 21.1305
Dividend Yield 0.0
Earnings Call Timestamp End 1,739,439,000
Earnings Call Timestamp Start 1,739,439,000
Earnings Timestamp End 1,753,768,800
Earnings Timestamp Start 1,753,768,800
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 24.9434
Fifty Day Average Change -3.1633987
Fifty Day Average Change Percent -0.12682308
Fifty Two Week Change Percent -52.247314
Fifty Two Week High 48.1
Fifty Two Week High Change -26.319998
Fifty Two Week High Change Percent -0.5471933
Fifty Two Week Low 21.065
Fifty Two Week Low Change 0.71500015
Fifty Two Week Low Change Percent 0.033942565
Fifty Two Week Range 21.065 - 48.1
First Trade Date Milliseconds 1,516,890,600,000
Five Year Average Return -0.45979512
Full Exchange Name Cboe US
Fund Family iPath
Fund Inception Date 1,516,147,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Is Earnings Date Estimate 0
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exposure to one or more maturities of futures contracts on the CBOE Volatility Index®.
Long Name iPath Series B S&P 500 VIX Short-Term Futures ETN
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_548515655
Nav Price 21.1401
Net Assets 441,160,352.0
Net Expense Ratio 0.89
Open 21.36
Phone +65 6 308 3000
Pre Market Change 0.050001144
Pre Market Change Percent 0.22936305
Pre Market Price 21.85
Pre Market Time 1,784,031,728
Previous Close 21.13
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.650002
Regular Market Change Percent 3.0762
Regular Market Day High 21.96
Regular Market Day Low 21.1305
Regular Market Day Range 21.1305 - 21.96
Regular Market Open 21.36
Regular Market Previous Close 21.13
Regular Market Price 21.78
Regular Market Time 1,783,972,800
Regular Market Volume 8,170,328
Short Name iPath Series B S&P 500 VIX Shor
Source Interval 15
Symbol VXX
Three Year Average Return -0.39186352
Total Assets 441,160,352
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -37.75985
Trailing Three Month Returns -37.75985
Triggerable 1
Two Hundred Day Average 29.6603
Two Hundred Day Average Change -7.8802986
Two Hundred Day Average Change Percent -0.26568508
Type Disp ETF
Volume 8,170,328
Yield 0.0
Ytd Return -16.80596