Short Interest in ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Expands By 39.2%

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 7,998 shares, an increase of 39.2% from the January 29th total of 5,747 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 4,797 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 4,797 shares, the short-interest ratio is presently 1.7 days. Approximately 1.3% of the shares of the company are sold short.

ProShares Ultra FTSE China 50 Stock Down 0.9%

Shares of NYSEARCA:XPP opened at $24.38 on Monday. The company has a 50-day simple moving average of $27.11 and a 200-day simple moving average of $27.96. ProShares Ultra FTSE China 50 has a one year low of $15.98 and a one year high of $31.79.

Institutional Trading of ProShares Ultra FTSE China 50

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Client First Investment Management LLC purchased a new position in shares of ProShares Ultra FTSE China 50 in the 3rd quarter valued at approximately $3,838,000. Global View Capital Management LLC lifted its holdings in shares of ProShares Ultra FTSE China 50 by 50.5% during the fourth quarter. Global View Capital Management LLC now owns 13,037 shares of the company’s stock worth $342,000 after purchasing an additional 4,372 shares during the period. Finally, Parkside Financial Bank & Trust purchased a new position in ProShares Ultra FTSE China 50 in the 4th quarter valued at $34,000.

About ProShares Ultra FTSE China 50

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.