Four-Day Wipeout in VIX ETFs as Fear Recedes
June 19, 2012 at 09:50 AM EDT
Volatility-linked ETFs that track VIX futures contracts were down sharply for the fourth straight session Tuesday as fear drains from the market after the Greek elections. iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) fell nearly 4% in early U.S. trading Tuesday. The exchange traded...