ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Down 33.7% in October

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 5,900 shares, a drop of 33.7% from the September 30th total of 8,900 shares. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 41,200 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraShort FTSE China 50 Trading Up 1.7%

Shares of FXP traded up $0.15 during mid-day trading on Tuesday, reaching $8.84. 25,213 shares of the company’s stock were exchanged, compared to its average volume of 27,930. The company has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $10.12. ProShares UltraShort FTSE China 50 has a 52-week low of $7.90 and a 52-week high of $20.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort FTSE China 50 stock. Simplex Trading LLC acquired a new position in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,556 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned approximately 0.45% of ProShares UltraShort FTSE China 50 at the end of the most recent reporting period.

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).