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

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 14,080 shares, an increase of 17.8% from the March 31st total of 11,955 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average trading volume of 6,788 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of ProShares UltraShort FTSE China 50

A hedge fund recently raised its stake in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC increased its position in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,818 shares of the company’s stock after buying an additional 2,107 shares during the quarter. Jane Street Group LLC owned about 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 at the end of the most recent reporting period.

ProShares UltraShort FTSE China 50 Trading Down 0.5%

Shares of FXP traded down $0.09 during mid-day trading on Friday, reaching $19.32. The stock had a trading volume of 2,356 shares, compared to its average volume of 9,152. ProShares UltraShort FTSE China 50 has a 52-week low of $15.80 and a 52-week high of $24.80. The business’s fifty day moving average is $19.92 and its 200 day moving average is $18.33.

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.