ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Up 63.0% in August

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) saw a large growth in short interest in the month of 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 trading volume, of 2,645 shares, the short-interest ratio is presently 5.1 days. Approximately 3.3% of the company’s shares are short sold.

ProShares Ultra FTSE China 50 Stock Up 1.8%

Shares of XPP opened at $19.55 on Friday. The stock’s fifty day simple moving average is $20.84 and its 200 day simple moving average is $21.37. 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

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.