ProShares Short FTSE China 50 (NYSEARCA:YXI) Stock Short Interest Drops 34.3%

ProShares Short FTSE China 50 (NYSEARCA:YXI) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,519 shares, a drop of 34.3% from the September 30th total of 3,837 shares. Based on an average trading volume of 1,052 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the shares of the company are sold short.

ProShares Short FTSE China 50 Trading Up 0.1%

YXI opened at $23.34 on Wednesday. The firm’s 50 day simple moving average is $22.72 and its two-hundred day simple moving average is $21.89. ProShares Short FTSE China 50 has a 1-year low of $18.98 and a 1-year high of $24.57.

ProShares Short FTSE China 50 Company Profile

ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period. The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.