ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Update

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 4,597 shares, a decrease of 65.8% from the August 31st total of 13,447 shares. Based on an average daily trading volume, of 3,365 shares, the short-interest ratio is presently 1.4 days. Approximately 1.1% of the shares of the stock are sold short.

ProShares Ultra FTSE China 50 Price Performance

Shares of ProShares Ultra FTSE China 50 stock traded up $0.25 during trading hours on Monday, hitting $19.32. The company’s stock had a trading volume of 427 shares, compared to its average volume of 6,006. The business has a 50 day moving average price of $20.84 and a two-hundred day moving average price of $21.21. ProShares Ultra FTSE China 50 has a 12-month low of $16.57 and a 12-month high of $31.79.

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.