ETF Trends
ETF Trends

An exchange traded note following CBOE Volatility Index futures crept higher Tuesday while stocks and commodities tumbled on Alcoa’s disappointing quarter and Japan’s nuclear debacle.

The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) was up more than 1% in afternoon trade Tuesday as the Dow slipped over 100 points and crude oil was down more than 3%.

The VIX itself added about 6%. Exchange traded products track VIX futures rather than the spot price.

The $1.5 billion iPath S&P 500 VIX Short-Term Futures ETN entered the session with a loss of more than 20% year to date.

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