ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Down 38.8% in August

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,248 shares, a decline of 38.8% from the July 30th total of 13,482 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,843 shares, the days-to-cover ratio is presently 2.9 days.

ProShares Ultra FTSE China 50 Trading Up 1.3%

Shares of NYSEARCA XPP traded up $0.28 during trading on Wednesday, reaching $21.24. The company had a trading volume of 3,098 shares, compared to its average volume of 6,396. The company’s fifty day moving average price is $20.20 and its 200-day moving average price is $21.84. ProShares Ultra FTSE China 50 has a 12 month low of $16.57 and a 12 month high of $31.79.

Institutional Trading of ProShares Ultra FTSE China 50

A hedge fund recently bought a new position in ProShares Ultra FTSE China 50 stock. Parkside Financial Bank & Trust bought a new stake in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the company’s stock, valued at approximately $34,000. Parkside Financial Bank & Trust owned 0.22% of ProShares Ultra FTSE China 50 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra FTSE China 50 Company Profile

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.