ProShares UltraShort FTSE China 50 Stock Scheduled to Reverse Split on Thursday, November 20th (NYSEARCA:FXP)

Shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) are scheduled to reverse split on the morning of Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

ProShares UltraShort FTSE China 50 Stock Down 0.7%

Shares of FXP stock opened at $8.30 on Wednesday. The firm’s 50-day moving average is $8.57 and its two-hundred day moving average is $9.92. ProShares UltraShort FTSE China 50 has a 12 month low of $7.90 and a 12 month high of $20.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort FTSE China 50 stock. Simplex Trading LLC bought a new position in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,556 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned about 0.45% of ProShares UltraShort FTSE China 50 as of its most recent SEC filing.

About ProShares UltraShort FTSE China 50

ProShares UltraShort FTSE China 50 (the Fund) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index (the Index). The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange (HKEX).