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https://stocknews.com/what-happens-next-after-vxx-expiration-2019-01/ https://stocknews.com/what-happens-next-after-vxx-expiration... “Indeed, in the initial p
by kgwgk 6y ago
https://stocknews.com/what-happens-next-after-vxx-expiration-2019-01/ https://stocknews.com/what-happens-next-after-vxx-expiration...
“Indeed, in the initial prospectus from 2009 stated, “due to the construction for this product one needs to be aware that its value will approach zero over time.” The prospectus also called to retire the fund after 10 years which will be at the end of this month on January 30.“
“All told since its inception 10 years ago, on a split-adjusted basis, the VXX has declined from $120,700 to the current $47 level.”