ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Up 202.5% in August

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 15,550 shares, a growth of 202.5% from the July 30th total of 5,141 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 3,685 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Trading of ProShares UltraShort FTSE China 50

A hedge fund recently raised its stake in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC grew its position in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,818 shares of the company’s stock after acquiring an additional 2,107 shares during the period. Jane Street Group LLC owned about 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 at the end of the most recent quarter.

ProShares UltraShort FTSE China 50 Trading Down 0.4%

Shares of ProShares UltraShort FTSE China 50 stock traded down $0.08 on Friday, reaching $20.46. 14,277 shares of the company were exchanged, compared to its average volume of 6,683. ProShares UltraShort FTSE China 50 has a one year low of $15.80 and a one year high of $26.20. The company has a 50-day moving average of $21.71 and a 200 day moving average of $20.54.

ProShares UltraShort FTSE China 50 Company Profile

ProShares UltraShort FTSE China 50 (the Fund) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index (the Index). The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange (HKEX). The Fund’s investment advisor is ProShare Advisors LLC.