ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Sees Large Growth in Short Interest

ProShares UltraShort FTSE China 50 (NYSEARCA:FXPGet Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 13,521 shares, a growth of 42.6% from the February 26th total of 9,480 shares. Based on an average daily trading volume, of 18,438 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.4% of the company’s stock are sold short.

ProShares UltraShort FTSE China 50 Price Performance

NYSEARCA:FXP traded down $0.22 during trading hours on Monday, hitting $21.47. 7,676 shares of the company traded hands, compared to its average volume of 10,481. The firm’s 50-day simple moving average is $18.72 and its 200-day simple moving average is $17.83. ProShares UltraShort FTSE China 50 has a one year low of $15.80 and a one year high of $35.48.

ProShares UltraShort FTSE China 50 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.0999 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%.

Institutional Inflows and Outflows

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

About ProShares UltraShort FTSE China 50

(Get Free Report)

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.

See Also

Receive News & Ratings for ProShares UltraShort FTSE China 50 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort FTSE China 50 and related companies with MarketBeat.com's FREE daily email newsletter.