ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Up 32.1% in December

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 5,735 shares, an increase of 32.1% from the November 30th total of 4,340 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 6,070 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 6,070 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.6% of the company’s shares are short sold.

ProShares UltraShort FTSE China 50 Price Performance

Shares of ProShares UltraShort FTSE China 50 stock traded up $0.30 on Thursday, reaching $18.30. 3,500 shares of the company’s stock were exchanged, compared to its average volume of 13,295. ProShares UltraShort FTSE China 50 has a 52 week low of $15.80 and a 52 week high of $41.00. The firm’s 50-day moving average is $17.66 and its two-hundred day moving average is $18.52.

Institutional Inflows and Outflows

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

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). The Fund’s investment advisor is ProShare Advisors LLC.