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Ipath Sp 500 Vix Mid Term Futures Etn

iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) is a exchange-traded note (ETN) issued by Barclays Bank PLC. The ETN is based on the performance of the S&P 500 VIX Mid-Term Futures Index, which reflects the expected volatility of the S&P 500 Index over the next 45 calendar days.

The ETN is designed to provide investors with exposure to equity market volatility through futures contracts. It is important to note that the ETN is not an investment in the VIX index itself, but rather in a portfolio of futures contracts based on the VIX.

When it comes to financials, as an ETN, VXZ does not have earnings or growth in the same way that a traditional company does. Instead, its performance is tied to the performance of the underlying index and the value of the ETN will fluctuate based on the changes in the index.

As of Nov 30, 2021, the 12-month trailing yield of VXZ is -0.46% and it has a total expense ratio of 0.89%.

It's worth noting that investing in VXZ and other volatility-related products can be risky and may not be suitable for all investors due to the potential for large losses. It is important for investors to thoroughly research and understand the product before investing.

In term of market capitalization, as of Nov 30, 2021, the market cap of VXZ is around $450 million.

It's important to keep in mind that past performance is not indicative of future results and it's recommended to consult a financial advisor before making any investment decisions.