iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ) Trading 0.3% Higher – Here’s Why

iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ) shares shot up 0.3% on Tuesday . The company traded as high as $38.70 and last traded at $38.38. 1,700 shares were traded during trading, a decline of 51% from the average session volume of 3,476 shares. The stock had previously closed at $38.28.

iPath S&P 500 Dynamic VIX ETN Stock Up 0.3 %

The firm’s fifty day moving average price is $38.38 and its 200 day moving average price is $38.38.

iPath S&P 500 Dynamic VIX ETN Company Profile

The investment seeks to replicate, net of expenses, the Shiller Barclays CAPETM US Core Sector Index. The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500.