ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Short Interest Up 202.5% in August

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,550 shares, an increase of 202.5% from the July 30th total of 5,141 shares. Based on an average daily volume of 3,685 shares, the days-to-cover ratio is presently 4.2 days. Currently, 5.2% of the company’s stock are short sold.

ProShares UltraShort FTSE China 50 Stock Up 2.6%

Shares of ProShares UltraShort FTSE China 50 stock traded up $0.52 during trading hours on Thursday, reaching $20.54. The company’s stock had a trading volume of 1,065 shares, compared to its average volume of 6,638. The stock’s fifty day simple moving average is $21.76 and its two-hundred day simple moving average is $20.52. ProShares UltraShort FTSE China 50 has a one year low of $15.80 and a one year high of $26.20.

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 stake in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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 about 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 as of its most recent SEC filing.

ProShares UltraShort FTSE China 50 Company Profile

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.