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

ProShares Short FTSE China 50 (NYSEARCA:YXI) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 8,160 shares, a growth of 36.8% from the January 29th total of 5,967 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,345 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 10,345 shares, the days-to-cover ratio is presently 0.8 days. Approximately 5.1% of the shares of the stock are sold short.

ProShares Short FTSE China 50 Stock Performance

Shares of YXI traded down $0.23 during trading hours on Wednesday, hitting $21.52. 175 shares of the company were exchanged, compared to its average volume of 22,328. The firm’s fifty day moving average is $20.04 and its 200 day moving average is $15.24. ProShares Short FTSE China 50 has a fifty-two week low of $18.85 and a fifty-two week high of $28.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Short FTSE China 50 stock. Wakefield Asset Management LLLP purchased a new stake in shares of ProShares Short FTSE China 50 (NYSEARCA:YXI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 48,531 shares of the company’s stock, valued at approximately $989,000. Wakefield Asset Management LLLP owned approximately 30.33% of ProShares Short FTSE China 50 at the end of the most recent quarter.

About ProShares Short FTSE China 50

ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period. The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.