ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Update

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,779 shares, an increase of 57.1% from the March 15th total of 4,952 shares. Based on an average trading volume of 7,125 shares, the short-interest ratio is presently 1.1 days. Approximately 1.5% of the shares of the company are sold short.

ProShares Ultra FTSE China 50 Price Performance

Shares of XPP opened at $23.37 on Thursday. ProShares Ultra FTSE China 50 has a 1-year low of $19.16 and a 1-year high of $31.79. The firm has a fifty day moving average price of $23.81 and a 200 day moving average price of $26.58.

ProShares Ultra FTSE China 50 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.1126 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.45 annualized dividend and a yield of 1.9%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new position in ProShares Ultra FTSE China 50 during the fourth quarter worth approximately $34,000. Global View Capital Management LLC increased its stake in ProShares Ultra FTSE China 50 by 50.5% in the fourth quarter. Global View Capital Management LLC now owns 13,037 shares of the company’s stock valued at $342,000 after purchasing an additional 4,372 shares during the period. Finally, Client First Investment Management LLC acquired a new position in ProShares Ultra FTSE China 50 in the third quarter valued at $3,838,000.

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.