In trading on Tuesday, the iPath S&P 500 VIX Short-Term Futures ETN (VXX) was up 8.7%, the SPDR Gold Shares (GLD) was up 1.1%, and the Claymore U.S. Capital Markets Bond ETF (UBD) is up about 0.7% on the day. And underperforming other ETFs today is the Market Vectors Steel ETF (SLX), off about 4.6% in Tuesday afternoon trading, and the iShares MSCI Spain Index Fund (EWP) was down 5.5%.
About the iPath S&P 500 VIX Short-Term Futures ETN (VXX)
The investment seeks to replicate, net of expenses, the S&P 500 VIX Short-Term Futures Total Return Index. The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 index at various points along the volatility forward curve. The index futures roll continuously throughout each month from the first month VIX futures contract into the second month VIX futures contract.
About the iShares MSCI Spain Index Fund (EWP)
The iShares MSCI Spain Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index.