Barclays' S&P 500 VIX Short-Term Futures remains most-traded iPath ETN

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Barclays Bank plc's iPath S&P 500 VIX Short-Term Futures exchange-traded notes were the bank's most-traded iPath ETNs in August, according to a trading strategy report filed in an FWP with the Securities and Exchange Commission.

In August, an average of 21.92 million of these notes changed hands each day, and they had an average daily trading volume of $487.3 million. These figures dwarf those recorded for the remaining iPath ETNs during the month.

The notes closed the month at $21.96 (NYSE Arca: VXX) versus a par amount of $100.00. The company plans to implement a one-for-four reverse split of these notes on Nov. 9.

The S&P 500 VIX Short-Term Futures ETNs have maintained the top spot since September 2009, when they took over the reins from the S&P GSCI Crude Oil Total Return index ETNs.

The iPath S&P VIX Mid-Term Futures ETNs moved up to second place in August from third place in July. An average of 359,000 of these notes traded daily during the month, and the average daily trading volume was $31.8 million.

These notes closed out the month at $92.35 (NYSE Arca: VXZ) versus a par amount of $50.00.

The iPath MSCI India index ETNs moved into third place in August from fourth place in July. An average of 261,000 of the notes changed hands each day, and they recorded an average daily trading volume of $16.9 million.

These notes finished the month at $64.42 (NYSE Arca: INP) and have a par amount of $50.00.

The iPath S&P GSCI Crude Oil Total Return index ETNs fell to fourth place in August from second place in July. They had an average daily trading volume of 694,000 by number of notes and $15.5 million by dollar amount.

These notes finished at $20.71 (NYSE Arca: OIL). Their par amount is $50.00.

Again holding on to fifth place were the iPath Dow Jones - UBS Commodity Index Total Return ETNs with an average of 334,9000 notes changing hands each day and an average daily trading volume of $13.4 million.

The commodity index-linked notes finished the month at $39.36 (NYSE Arca: DJP). Their par amount is $50.00.

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