An interesting shift has occurred in recent months that we have covered on a handful of occasions, but given today’s atmosphere and trading conditions, it is worth revisiting again today.
Would you believe that VXX (iPath S&P 500 VIX Short-Term Futures ETN, Expense Ratio 0.89%, $1.35 billion in AUM) is no longer the largest “Volatility” based ETP in the U.S. listed marketplace, at least for the moment?
Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today hones in on massive money flows into a popular short VIX ETF, as traders bet that the recent volatility spike will continue to be beaten back down.
Just like that, the vicious sell-off that we saw last week in global equities has reversed sharply this Monday morning and in “V-shape” fashion.
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows report, which today looks at big outflows in apparent profit taking in a popular inverse volatility fund, along with a continued exodus away from gold and gold miner-linked ETFs.
We have spoken about the VIX quite a bit in the past several weeks, especially since it had a $10 handle briefly in mid-February, only to surge back to its 50 day MA today and challenge a $12 handle once again.
From Tyler Durden: With VIX at multi-year lows (a 10-handle!!) and stocks at record highs amid Trumpian (Goldman) exuberance, it appears options traders in the VIX complex are anything but “believers.”
Don’t look now, but the VIX has risen in six straight trading sessions, including today, and is all of a sudden above $18 after being as low as $12.73 on an intraday basis in late October.
NYSEARCA:VXX, NYSEARCA:SPY, NYSEARCA:SVXY, NYSEARCA:UVXY
NYSEARCA:VIXY, NYSEARCA:KOLD, NYSEARCA:BOIL, NYSEARCA:YCL, NYSEARCA:SVXY
NYSEARCA:MVV, NYSEARCA:SVXY, NYSEARCA:BIB
NYSEARCA:VIXY, NYSEARCA:UVXY, NYSEARCA:SVXY