ProShares Short FTSE China 50 (NYSEARCA:YXI) Sees Significant Decrease in Short Interest

ProShares Short FTSE China 50 (NYSEARCA:YXI) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 6,975 shares, a decrease of 14.5% from the February 12th total of 8,160 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 14,762 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 14,762 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.4% of the company’s stock are sold short.

ProShares Short FTSE China 50 Stock Performance

Shares of YXI stock traded up $0.32 during trading on Wednesday, hitting $21.36. 528 shares of the company were exchanged, compared to its average volume of 18,543. The business’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $16.03. ProShares Short FTSE China 50 has a twelve month low of $18.85 and a twelve month high of $28.00.

Institutional Investors Weigh In On ProShares Short FTSE China 50

A hedge fund recently bought a new stake in ProShares Short FTSE China 50 stock. Wakefield Asset Management LLLP purchased a new stake in shares of ProShares Short FTSE China 50 (NYSEARCA:YXI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,531 shares of the company’s stock, valued at approximately $989,000. Wakefield Asset Management LLLP owned 30.33% of ProShares Short FTSE China 50 at the end of the most recent reporting period.

ProShares Short FTSE China 50 Company Profile

ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period. The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.