ProShares Ultra FTSE China 50 (NYSEARCA:XPP – Get Free Report) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 6,683 shares, a decline of 24.9% from the December 15th total of 8,903 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 4,183 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 4,183 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the company are sold short.
ProShares Ultra FTSE China 50 Price Performance
Shares of NYSEARCA XPP traded down $1.02 during mid-day trading on Friday, hitting $27.47. 6,613 shares of the company were exchanged, compared to its average volume of 12,510. The stock has a 50 day simple moving average of $27.52 and a 200-day simple moving average of $27.76. ProShares Ultra FTSE China 50 has a 1-year low of $15.98 and a 1-year high of $31.79.
Institutional Trading of ProShares Ultra FTSE China 50
An institutional investor recently bought a new position in ProShares Ultra FTSE China 50 stock. Client First Investment Management LLC purchased a new position in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,463 shares of the company’s stock, valued at approximately $3,838,000. ProShares Ultra FTSE China 50 makes up approximately 2.0% of Client First Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Client First Investment Management LLC owned approximately 15.68% 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.
Recommended Stories
- Five stocks we like better than ProShares Ultra FTSE China 50
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- Executive Order 14330: Trump’s Biggest Yet
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for ProShares Ultra FTSE China 50 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra FTSE China 50 and related companies with MarketBeat.com's FREE daily email newsletter.
