Estimated Next VXX Reverse Split—July 12th, 2023
For a security doomed to decrease in value over time Barclays’ VXX does amazingly well. Its volume averages over 3 million shares per day and its assets under management have stayed around $800 million to $1.5 billion. Not bad for a product that has averaged a 52% annual loss since its inception in January 2009. This works out to an average loss of almost 6% …