Miracle Mile Advisors LLC Grows Stock Position in ProShares Ultra FTSE China 50 (NYSEARCA:XPP)

Miracle Mile Advisors LLC lifted its stake in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) by 25.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Miracle Mile Advisors LLC’s holdings in ProShares Ultra FTSE China 50 were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Ultra FTSE China 50 Trading Up 0.7%

NYSEARCA:XPP opened at $25.25 on Wednesday. The stock has a fifty day moving average price of $21.86 and a two-hundred day moving average price of $21.50. ProShares Ultra FTSE China 50 has a 1 year low of $13.09 and a 1 year high of $28.90.

About ProShares Ultra FTSE China 50

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.