ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Up 17.8% in April

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 14,080 shares, an increase of 17.8% from the March 31st total of 11,955 shares. Based on an average daily volume of 6,788 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.9% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares UltraShort FTSE China 50

A hedge fund recently raised its stake in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC raised its position in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,818 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission.

ProShares UltraShort FTSE China 50 Price Performance

FXP stock traded down $0.09 during trading on Friday, reaching $19.32. 2,356 shares of the company traded hands, compared to its average volume of 9,152. ProShares UltraShort FTSE China 50 has a 12 month low of $15.80 and a 12 month high of $24.80. The business has a 50 day simple moving average of $19.92 and a 200 day simple moving average of $18.33.

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.