Cours ETF iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)

iPath Series B S&P 500 VIX Short-Term Futures ETN is an exchange-traded note (ETN) that provides exposure to equity market volatility through short-term futures contracts on the CBOE Volatility Index (VIX). It tracks the S&P 500 VIX Short-Term Futures Index TR, which comprises futures with an average one-month maturity, offering a way to access the VIX as an asset class known for its negative correlation to U.S. and international stocks. The VIX tends to rise during periods of increased market anxiety, often moving inversely to equities, making this ETN suitable as a short-term trading instrument or hedging tool rather than a long-term hold. As an ETN issued by Barclays Bank PLC and domiciled in the United Kingdom, it avoids tracking error associated with ETFs but introduces issuer credit risk and specific tax treatments. Its focus on short-dated futures heightens sensitivity to VIX spot movements while exposing it to contango effects common in volatility futures markets. This product serves traders seeking tactical volatility plays within the U.S. volatility segment.