‘Broken’ Barclays ETN Soars to 33% Premium With Issuance Halted
- VXX dislocation continues to grow as stock volatility shrinks
- Product is one of 6 ETNs in limbo without sales restarted
This article is for subscribers only.
Barclays Plc’s famous paperwork blunder is still causing trouble in one of its largest exchange-traded notes as stock volatility craters.
The $445 million iPath Series B S&P 500 VIX Short-Term Futures ETN (ticker VXX) closed Friday at a record 33% premium to the net value of its assets, Bloomberg data show.