ProShares Short FTSE China 50 (NYSEARCA:YXI – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 6,975 shares, a drop of 14.5% from the February 12th total of 8,160 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily volume of 14,762 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 14,762 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.4% of the company’s stock are short sold.
ProShares Short FTSE China 50 Stock Down 1.0%
Shares of YXI opened at $21.43 on Monday. The company’s 50 day moving average price is $20.28 and its 200 day moving average price is $15.88. ProShares Short FTSE China 50 has a 52 week low of $18.85 and a 52 week high of $28.00.
Hedge Funds Weigh In On ProShares Short FTSE China 50
A hedge fund recently bought a new stake in ProShares Short FTSE China 50 stock. Wakefield Asset Management LLLP acquired a new position in shares of ProShares Short FTSE China 50 (NYSEARCA:YXI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,531 shares of the company’s stock, valued at approximately $989,000. Wakefield Asset Management LLLP owned approximately 30.33% of ProShares Short FTSE China 50 at the end of the most recent quarter.
About ProShares Short FTSE China 50
ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period. The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.
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