iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ) Shares Up 0.3% – Here’s Why

iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ)’s stock price shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $38.70 and last traded at $38.38. 1,700 shares traded hands during trading, a decline of 51% from the average session volume of 3,476 shares. The stock had previously closed at $38.28.

iPath S&P 500 Dynamic VIX ETN Stock Up 0.3 %

The firm has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $38.38.

About iPath S&P 500 Dynamic VIX ETN

The investment seeks to replicate, net of expenses, the Shiller Barclays CAPETM US Core Sector Index. The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500.