Article by: Bill Luby
Published by: Seeking Alpha
Date: 2 Oct 2009
“During the last month, the iPath S&P 500 VIX Short-Term Futures ETN (VXX) has been turning over an average of 1.3 million shares per day. I am certain that a fair portion of the purchases of VXX have come from investors who have sought to protect their portfolios from an increase in volatility and/or downturn in stocks.
“Unfortunately, VXX has considerable shortcomings, both as a short-term and a long-term play.”
Full article: Link