Barclays has announced that it will 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% annual loss since its inception in January 2009. This works out to an average loss of almost 7% per month. See “Volatility Fund Monthly and Year Decay Rates” for a chart showing how these losses have varied over time.