ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Free Report) shares are going to reverse split before the market opens on Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 19th.
ProShares UltraShort FTSE China 50 Trading Up 1.2%
ProShares UltraShort FTSE China 50 stock opened at $8.66 on Friday. The company has a 50 day moving average of $8.61 and a 200-day moving average of $10.03. ProShares UltraShort FTSE China 50 has a twelve month low of $7.90 and a twelve month high of $20.68.
Hedge Funds Weigh In On ProShares UltraShort FTSE China 50
A hedge fund recently bought a new stake in ProShares UltraShort FTSE China 50 stock. Simplex Trading LLC purchased a new stake in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,556 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned 0.45% of ProShares UltraShort FTSE China 50 at the end of the most recent reporting period.
About ProShares UltraShort FTSE China 50
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).
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