ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Sees Significant Decrease in Short Interest

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 8,635 shares, a drop of 36.4% from the April 30th total of 13,574 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 4,744 shares, the short-interest ratio is currently 1.8 days.

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 grew its holdings in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,818 shares of the company’s stock after buying an additional 2,107 shares during the period. Jane Street Group LLC owned approximately 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort FTSE China 50 Price Performance

Shares of NYSEARCA:FXP opened at $20.70 on Thursday. ProShares UltraShort FTSE China 50 has a 52 week low of $15.80 and a 52 week high of $22.86. The firm has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $18.78.

About ProShares UltraShort FTSE China 50

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.