ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Down 38.8% in August

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,248 shares, a decline of 38.8% from the July 30th total of 13,482 shares. Based on an average daily trading volume, of 2,843 shares, the short-interest ratio is currently 2.9 days. Currently, 2.0% of the shares of the company are sold short.

Institutional Trading of ProShares Ultra FTSE China 50

A hedge fund recently bought a new stake in ProShares Ultra FTSE China 50 stock. Parkside Financial Bank & Trust acquired a new stake in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,300 shares of the company’s stock, valued at approximately $34,000. Parkside Financial Bank & Trust owned 0.22% of ProShares Ultra FTSE China 50 at the end of the most recent reporting period.

ProShares Ultra FTSE China 50 Price Performance

Shares of NYSEARCA:XPP opened at $21.12 on Monday. ProShares Ultra FTSE China 50 has a fifty-two week low of $16.57 and a fifty-two week high of $31.79. The firm has a 50-day simple moving average of $20.11 and a 200 day simple moving average of $21.93.

ProShares Ultra FTSE China 50 Company Profile

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.