Short Interest in ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Expands By 63.0%

ProShares Ultra FTSE China 50 (NYSEARCA:XPPGet Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 13,447 shares, a growth of 63.0% from the August 15th total of 8,248 shares. Based on an average daily volume of 2,645 shares, the short-interest ratio is currently 5.1 days. Approximately 3.3% of the company’s stock are sold short.

ProShares Ultra FTSE China 50 Stock Down 2.8%

XPP stock opened at $19.21 on Thursday. The business has a 50 day moving average of $20.83 and a 200 day moving average of $21.41. ProShares Ultra FTSE China 50 has a twelve month low of $16.57 and a twelve month high of $31.79.

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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