Short Interest in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Increases By 42.6%

ProShares UltraShort FTSE China 50 (NYSEARCA:FXPGet Free Report) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 13,521 shares, an increase of 42.6% from the February 26th total of 9,480 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily volume of 18,438 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On ProShares UltraShort FTSE China 50

An institutional investor recently raised its position in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC grew its stake in ProShares UltraShort FTSE China 50 (NYSEARCA:FXPFree Report) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,818 shares of the company’s stock after buying an additional 2,107 shares during the quarter. Jane Street Group LLC owned 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 at the end of the most recent reporting period.

ProShares UltraShort FTSE China 50 Stock Down 1.0%

Shares of NYSEARCA FXP traded down $0.22 during mid-day trading on Monday, hitting $21.47. The company’s stock had a trading volume of 7,676 shares, compared to its average volume of 10,481. ProShares UltraShort FTSE China 50 has a one year low of $15.80 and a one year high of $35.48. The company’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $17.83.

ProShares UltraShort FTSE China 50 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.0999 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.40 annualized dividend and a yield of 1.9%.

About ProShares UltraShort FTSE China 50

(Get Free Report)

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). The Fund’s investment advisor is ProShare Advisors LLC.

Further Reading

Receive News & Ratings for ProShares UltraShort FTSE China 50 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort FTSE China 50 and related companies with MarketBeat.com's FREE daily email newsletter.