ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Sees Large Increase in Short Interest

ProShares Ultra FTSE China 50 (NYSEARCA:XPPGet Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,779 shares, an increase of 57.1% from the March 15th total of 4,952 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,125 shares, the days-to-cover ratio is currently 1.1 days.

ProShares Ultra FTSE China 50 Trading Up 0.6%

Shares of ProShares Ultra FTSE China 50 stock opened at $22.87 on Tuesday. ProShares Ultra FTSE China 50 has a 52-week low of $19.16 and a 52-week high of $31.79. The stock has a 50-day simple moving average of $23.93 and a 200-day simple moving average of $26.65.

ProShares Ultra FTSE China 50 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a $0.1126 dividend. This represents a $0.45 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Ultra FTSE China 50

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust acquired a new stake in ProShares Ultra FTSE China 50 in the 4th quarter worth approximately $34,000. Global View Capital Management LLC acquired a new stake in ProShares Ultra FTSE China 50 in the 3rd quarter worth approximately $265,000. Finally, Client First Investment Management LLC acquired a new stake in ProShares Ultra FTSE China 50 in the 3rd quarter worth approximately $3,838,000.

ProShares Ultra FTSE China 50 Company Profile

(Get Free Report)

The ProShares Ultra FTSE China 50 (XPP) is an exchange-traded fund that is based on the FTSE China 50 Net Tax USD index. The fund provides daily 2x exposure to a free-float-weighted index comprising 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange. XPP was launched on Jun 4, 2009 and is managed by ProShares.

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