ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Sees Significant Decline in Short Interest

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

ProShares Ultra FTSE China 50 Price Performance

Shares of XPP stock traded up $0.02 during mid-day trading on Tuesday, hitting $21.04. The company had a trading volume of 976 shares, compared to its average volume of 6,383. The stock’s 50 day moving average price is $20.15 and its 200-day moving average price is $21.88. ProShares Ultra FTSE China 50 has a 52-week low of $16.57 and a 52-week high of $31.79.

Institutional Trading of ProShares Ultra FTSE China 50

A hedge fund recently bought a new position 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 (SEC). The firm acquired 1,300 shares of the company’s stock, valued at approximately $34,000. Parkside Financial Bank & Trust owned approximately 0.22% of ProShares Ultra FTSE China 50 as of its most recent SEC filing.

About ProShares Ultra FTSE China 50

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.