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

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 8,248 shares, a decrease of 38.8% from the July 30th total of 13,482 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 2,843 shares, the short-interest ratio is currently 2.9 days.

Institutional Investors Weigh In On ProShares Ultra FTSE China 50

An institutional investor recently bought a new position in ProShares Ultra FTSE China 50 stock. Parkside Financial Bank & Trust acquired a new position in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

ProShares Ultra FTSE China 50 Stock Performance

Shares of NYSEARCA:XPP opened at $21.12 on Monday. The company’s 50-day moving average price is $20.11 and its 200 day moving average price is $21.93. ProShares Ultra FTSE China 50 has a fifty-two week low of $16.57 and a fifty-two week high of $31.79.

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.