Stalled Barclays VIX Note Finally Unfreezes After Bizarre Error

A now-infamous $578 million exchange-traded note from Barclays Plc is functioning as normal, more than six months after an embarrassing error by the British bank brought sales and issuance of the product to a <-bsp-bb-link state="{"bbDocId":"R8QX26T0G1L2","_id":"00000183-8ec4-db80-a39b-cfdfcf760000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">shuddering halt.

Issuer Barclays is once again creating new shares this week in the iPath Series B S&P 500 VIX Short-Term Futures ETN (ticker <-rte-company state="{"_id":"00000183-8ec4-db80-a39b-cfdfcf770000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">VXX), which bets on stock volatility, in addition to five other vehicles, according to a statement on the bank’s website.

The US-listed note, which at one point last year commanded about $1.8 billion in assets, has subsequently added $22.6 million ...