ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Down 32.5% in February

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 5,398 shares, a decrease of 32.5% from the February 12th total of 7,998 shares. Based on an average daily trading volume, of 5,970 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,970 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On ProShares Ultra FTSE China 50

Several large investors have recently added to or reduced their stakes in the business. Client First Investment Management LLC purchased a new position in ProShares Ultra FTSE China 50 during the third quarter worth approximately $3,838,000. Global View Capital Management LLC acquired a new stake in ProShares Ultra FTSE China 50 during the third quarter worth about $265,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of ProShares Ultra FTSE China 50 in the 4th quarter worth about $34,000.

ProShares Ultra FTSE China 50 Trading Down 1.2%

Shares of XPP stock traded down $0.27 during mid-day trading on Friday, reaching $22.88. The stock had a trading volume of 3,602 shares, compared to its average volume of 9,161. ProShares Ultra FTSE China 50 has a 12-month low of $15.98 and a 12-month high of $31.79. The business has a 50-day simple moving average of $26.34 and a 200 day simple moving average of $27.65.

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.