Symbol VXX: I’m wondering if this position is considered inverse or leveraged by you all? Why or why not?

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Barclays iPath Series B S&P 500 VIX Short-Term Futures ETN

It’s not an inverse, or it would state so.

XXV is the inverse

Yes, thank you. That’s what I thought. I’m being told by my compliance that it is either inverse or leveraged, but I see it as a mirror of the VIX. Am I wrong?

I’m thinking that because it may increase in value when markets go down, they consider it inverse of the major markets? However, VIX is it’s own index and thus is negative correlation, isn’t it?

Many broker/dealers do not allow ETN buys.

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