No installment of Five for the Weekend this week. But I did make two moves with the portfolio.
First, I sold about 25% of my stake in Unifi Inc. (UFI). I established the position last May at $3.44 per share. The company later carried out a 1-for-3 reverse stock split, so my average cost became $10.32. The shares disposed of today were sold at an average cost of $17.50. That's a gain of more than 69% and in this current market environment, I feel it's prudent to take some chips off the table.
Second, I purchased a small stake in the iPath S&P 500 Short-Term Futures ETN (VXX) at $27.57, near the 52-week low. The VXX is a play on market volatility, based on the VIX. Yes, I know some believe it is not a perfect vehicle for playing the VIX. But it's fine for my purposes and we'll see what happens.
Have a great weekend.