Short Interest in ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Expands By 39.2%

ProShares Ultra FTSE China 50 (NYSEARCA:XPPGet Free Report) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 7,998 shares, an increase of 39.2% from the January 29th total of 5,747 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 4,797 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 4,797 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the company’s shares are short sold.

ProShares Ultra FTSE China 50 Price Performance

Shares of XPP opened at $24.38 on Monday. ProShares Ultra FTSE China 50 has a 1 year low of $15.98 and a 1 year high of $31.79. The company’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $27.96.

Institutional Investors Weigh In On ProShares Ultra FTSE China 50

Several hedge funds have recently made changes to their positions in XPP. Parkside Financial Bank & Trust purchased a new position in ProShares Ultra FTSE China 50 during the fourth quarter worth about $34,000. Global View Capital Management LLC purchased a new stake in ProShares Ultra FTSE China 50 in the 3rd quarter valued at about $265,000. Finally, Client First Investment Management LLC acquired a new position in shares of ProShares Ultra FTSE China 50 during the 3rd quarter valued at about $3,838,000.

About ProShares Ultra FTSE China 50

(Get Free Report)

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.

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