ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Update

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 13,521 shares, a growth of 42.6% from the February 26th total of 9,480 shares. Based on an average trading volume of 18,438 shares, the short-interest ratio is currently 0.7 days. Approximately 4.4% of the shares of the company are short sold.

ProShares UltraShort FTSE China 50 Stock Performance

Shares of NYSEARCA:FXP traded down $0.22 during midday trading on Monday, reaching $21.47. 7,676 shares of the company traded hands, compared to its average volume of 10,481. ProShares UltraShort FTSE China 50 has a 12 month low of $15.80 and a 12 month high of $35.48. The firm’s fifty day moving average price is $18.72 and its two-hundred day moving average price is $17.83.

ProShares UltraShort FTSE China 50 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.0999 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%.

Hedge Funds Weigh In On ProShares UltraShort FTSE China 50

A hedge fund recently raised its stake in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC boosted its position in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,818 shares of the company’s stock after acquiring an additional 2,107 shares during the period. Jane Street Group LLC owned 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 as of its most recent SEC filing.

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.