ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,550 shares, an increase of 202.5% from the July 30th total of 5,141 shares. Based on an average daily trading volume, of 3,685 shares, the days-to-cover ratio is currently 4.2 days. Approximately 5.2% of the shares of the company are short sold.
ProShares UltraShort FTSE China 50 Stock Performance
NYSEARCA FXP traded down $0.08 on Friday, hitting $20.46. 14,277 shares of the company’s stock traded hands, compared to its average volume of 6,683. The firm’s 50-day moving average price is $21.66 and its two-hundred day moving average price is $20.54. ProShares UltraShort FTSE China 50 has a 1-year low of $15.80 and a 1-year high of $26.20.
Institutional Investors Weigh In On ProShares UltraShort FTSE China 50
A hedge fund recently raised its stake in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC raised its stake in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Free Report) by 16.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 14,818 shares of the company’s stock after buying an additional 2,107 shares during the period. Jane Street Group LLC owned about 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 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.
See Also
- Five stocks we like better than ProShares UltraShort FTSE China 50
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for ProShares UltraShort FTSE China 50 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort FTSE China 50 and related companies with MarketBeat.com's FREE daily email newsletter.
