It looks like generally when VXX gets around 13, historically they have had a reverse split. VXX is now about 11. Any reason why this time they are holding off?
vxx reverse split
- Thread starter frostengine
- Start date
maybe expecting vols to pop and waiting to see...either way the contango bleed means it will unavaoidable
Shorting VXX in a bull run is more profitable than buying indices yet very few execute this way.
as son as it reverse splits, short it (or buy long term puts) and ignore it for a year....retire rich haha
You mean Rich-er... ;o)
Yes 
The fund is losing money monthly on contango roll so who knows why but from my point of view I would look forward to it Because reverse splitting it to 100 for example is like a reset for it to bleed all the way back to 20-30 in a year.
If the stock or ETF goes from 10 to 3 it's exactly the same as it going from 100 to 30! Reverse or forward splits are irrelevant. For this ETF specifically it's irrelevant. There are some odd issues with being classified as a penny stock that may increase transaction costs if the per/share cost goes too low, but the return for a given change in VIX futures is the same for VXX regardless of if it splits or doesn't.