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

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

ProShares Ultra FTSE China 50 Stock Performance

ProShares Ultra FTSE China 50 stock traded down $1.44 during trading on Wednesday, reaching $22.56. 17,385 shares of the company were exchanged, compared to its average volume of 8,232. The stock’s 50 day simple moving average is $26.97 and its two-hundred day simple moving average is $27.91. ProShares Ultra FTSE China 50 has a 52-week low of $15.98 and a 52-week high of $31.79.

Institutional Trading of ProShares Ultra FTSE China 50

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Client First Investment Management LLC purchased a new position in ProShares Ultra FTSE China 50 in the third quarter worth approximately $3,838,000. Global View Capital Management LLC acquired a new position in shares of ProShares Ultra FTSE China 50 in the 3rd quarter valued at $265,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of ProShares Ultra FTSE China 50 during the 4th quarter worth $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.