ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Down 23.8% in December

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 8,903 shares, a decrease of 23.8% from the November 30th total of 11,681 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 3,786 shares, the short-interest ratio is presently 2.4 days. Based on an average daily volume of 3,786 shares, the short-interest ratio is presently 2.4 days. Approximately 1.4% of the shares of the stock are short sold.

ProShares Ultra FTSE China 50 Stock Performance

Shares of NYSEARCA XPP traded up $0.34 during mid-day trading on Tuesday, reaching $26.75. 4,892 shares of the company were exchanged, compared to its average volume of 14,557. ProShares Ultra FTSE China 50 has a 52 week low of $15.98 and a 52 week high of $31.79. The company’s 50 day moving average price is $27.80 and its 200 day moving average price is $27.50.

Hedge Funds Weigh In On ProShares Ultra FTSE China 50

A hedge fund recently bought a new stake in ProShares Ultra FTSE China 50 stock. Global View Capital Management LLC bought a new position in ProShares Ultra FTSE China 50 (NYSEARCA:XPP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,665 shares of the company’s stock, valued at approximately $265,000. Global View Capital Management LLC owned 1.26% of ProShares Ultra FTSE China 50 as of its most recent SEC filing.

About ProShares Ultra FTSE China 50

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.