ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Update

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 5,747 shares, a decline of 21.1% from the January 15th total of 7,286 shares. Based on an average trading volume of 7,255 shares, the short-interest ratio is currently 0.8 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 7,255 shares, the short-interest ratio is currently 0.8 days.

ProShares Ultra FTSE China 50 Price Performance

Shares of XPP traded down $0.37 during trading hours on Friday, reaching $25.96. 2,242 shares of the company traded hands, compared to its average volume of 8,358. The business has a fifty day moving average price of $27.27 and a 200-day moving average price of $27.97. ProShares Ultra FTSE China 50 has a 12-month low of $15.98 and a 12-month high of $31.79.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust purchased a new position in shares of ProShares Ultra FTSE China 50 in the fourth quarter worth about $34,000. Global View Capital Management LLC acquired a new position in ProShares Ultra FTSE China 50 in the 3rd quarter worth approximately $265,000. Finally, Client First Investment Management LLC purchased a new position in ProShares Ultra FTSE China 50 during the 3rd quarter worth approximately $3,838,000.

ProShares Ultra FTSE China 50 Company Profile

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.