Inverse VIX ETFs Rise 170% as Volatility Hits Five-Year Low

As the rally in equities gains momentum, exchange traded funds linked to the CBOE Volatility Index, or VIX, are revealing greater complacency in the stock market, with the index on Friday hitting a new five-year low. The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) dropped 79.1%...