VXX Reverse Split Number 5—August 23rd, 2017

Barclays reverse split VXX 4:1 for the 5th time August 23rd, 2017 For a security doomed to decrease in value over time Barclays’ VXX does amazingly well.  Its volume averages over 50 million shares per day and its assets under management have stayed around $800 million to $1.5 billion for the last couple of years.  Not bad for a product that has averaged a 58% …

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