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Bears piling back into VIX note
These days, it's trading more than Microsoft and Facebook shares
Add BT as a preferred sourcePublished Fri, Mar 27, 2015 · 09:50 PM
New York
SPECULATORS are again piling into an exchange-traded note (ETN) that lets them bet on how long days of calm will last in the US stock market.
The trade, using a six-year-old security known as VXX that sees more average daily volume than shares of Microsoft Corp and Facebook Inc, has usually backfired amid the biggest bull market since the 1990s.
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