ProShares Short FTSE China 50 (NYSEARCA:YXI – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 8,160 shares, a growth of 36.8% from the January 29th total of 5,967 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 10,345 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 10,345 shares, the short-interest ratio is presently 0.8 days. Approximately 5.1% of the company’s shares are sold short.
ProShares Short FTSE China 50 Stock Performance
Shares of NYSEARCA:YXI traded up $0.33 during midday trading on Monday, hitting $21.28. 4,975 shares of the stock traded hands, compared to its average volume of 20,799. The business’s 50 day moving average is $20.00 and its two-hundred day moving average is $15.08. ProShares Short FTSE China 50 has a one year low of $18.85 and a one year high of $28.00.
Institutional Trading of ProShares Short FTSE China 50
A hedge fund recently bought a new stake in ProShares Short FTSE China 50 stock. Wakefield Asset Management LLLP acquired a new position in ProShares Short FTSE China 50 (NYSEARCA:YXI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,531 shares of the company’s stock, valued at approximately $989,000. Wakefield Asset Management LLLP owned approximately 30.33% of ProShares Short FTSE China 50 at the end of the most recent quarter.
About ProShares Short FTSE China 50
ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period. The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.
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