ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Sees Large Growth in Short Interest

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,480 shares, a growth of 42.5% from the February 12th total of 6,651 shares. Based on an average daily trading volume, of 12,455 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.1% of the company’s stock are sold short. Currently, 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 12,455 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors 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 purchased a new stake in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.

ProShares UltraShort FTSE China 50 Stock Performance

Shares of NYSEARCA:FXP opened at $20.23 on Monday. The company has a fifty day simple moving average of $17.95 and a 200 day simple moving average of $17.68. ProShares UltraShort FTSE China 50 has a 12-month low of $15.80 and a 12-month high of $35.48.

ProShares UltraShort FTSE China 50 Company Profile

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.