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

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 8,903 shares, a decrease of 23.8% from the November 30th total of 11,681 shares. Based on an average daily volume of 3,786 shares, the short-interest ratio is currently 2.4 days. Currently, 1.4% of the shares of the stock are short sold. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 3,786 shares, the short-interest ratio is currently 2.4 days.

ProShares Ultra FTSE China 50 Trading Up 1.3%

Shares of XPP stock traded up $0.34 during trading hours on Tuesday, hitting $26.75. The stock had a trading volume of 4,892 shares, compared to its average volume of 14,557. ProShares Ultra FTSE China 50 has a one year low of $15.98 and a one year high of $31.79. The stock’s 50-day moving average price is $27.80 and its two-hundred day moving average price is $27.50.

Institutional Investors Weigh In On ProShares Ultra FTSE China 50

A hedge fund recently bought a new stake in ProShares Ultra FTSE China 50 stock. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 125,463 shares of the company’s stock, valued at approximately $3,838,000. ProShares Ultra FTSE China 50 comprises about 2.0% of Client First Investment Management LLC’s portfolio, making the stock its 8th biggest position. Client First Investment Management LLC owned about 15.68% of ProShares Ultra FTSE China 50 as of its most recent SEC filing.

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.