December 31, 2012 at 15:28 PM EST
Volatility ETFs: VXX Plummets 10% on Fiscal Cliff Deadline
Volatility-linked exchange traded products plunged on the last day of the year on heavy volume as President Barack Obama said a fiscal cliff deal was in sight but not yet finalized before the midnight deadline. The iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) was off nearly 10% in...
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