iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ) Trading Up 0.3% – Still a Buy?

iPath S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ)’s stock price was up 0.3% during mid-day trading on Tuesday . The company traded as high as $38.70 and last traded at $38.38. Approximately 1,700 shares traded hands during trading, a decline of 51% from the average daily volume of 3,476 shares. The stock had previously closed at $38.28.

iPath S&P 500 Dynamic VIX ETN Stock Performance

The company has a fifty day moving average price of $38.38 and a 200-day moving average price of $38.38.

About iPath S&P 500 Dynamic VIX ETN

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.