ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Update

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

ProShares Ultra FTSE China 50 Stock Down 2.8%

Shares of XPP opened at $19.21 on Thursday. ProShares Ultra FTSE China 50 has a 1-year low of $16.57 and a 1-year high of $31.79. The firm’s 50-day moving average price is $20.83 and its 200-day moving average price is $21.41.

ProShares Ultra FTSE China 50 Company Profile

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.