ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 9,480 shares, an increase of 42.5% from the February 12th total of 6,651 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 12,455 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 12,455 shares, the short-interest ratio is presently 0.8 days. Approximately 3.1% of the company’s stock are short sold.
ProShares UltraShort FTSE China 50 Trading Down 0.2%
NYSEARCA FXP traded down $0.05 during trading hours on Friday, reaching $20.23. 3,960 shares of the company traded hands, compared to its average volume of 9,654. ProShares UltraShort FTSE China 50 has a 12 month low of $15.80 and a 12 month high of $35.48. The company has a 50 day moving average of $17.95 and a two-hundred day moving average of $17.69.
Hedge Funds Weigh In On ProShares UltraShort FTSE China 50
An institutional investor recently bought a new position in ProShares UltraShort FTSE China 50 stock. Simplex Trading LLC bought a new position in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,556 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned approximately 0.45% of ProShares UltraShort FTSE China 50 at the end of the most recent quarter.
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). The Fund’s investment advisor is ProShare Advisors LLC.
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