Short Interest in ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Drops By 36.4%

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 8,635 shares, a drop of 36.4% from the April 30th total of 13,574 shares. Based on an average daily trading volume, of 4,744 shares, the short-interest ratio is currently 1.8 days. Approximately 3.0% of the company’s stock are sold short.

ProShares UltraShort FTSE China 50 Stock Down 5.8%

FXP stock opened at $19.78 on Wednesday. ProShares UltraShort FTSE China 50 has a twelve month low of $15.80 and a twelve month high of $23.52. The business has a 50 day moving average of $20.04 and a 200 day moving average of $18.73.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort FTSE China 50 stock. Jane Street Group LLC boosted its stake in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,818 shares of the company’s stock after buying an additional 2,107 shares during the period. Jane Street Group LLC owned approximately 2.50% of ProShares UltraShort FTSE China 50 worth $181,000 at the end of the most recent reporting period.

ProShares UltraShort FTSE China 50 Company Profile

ProShares UltraShort FTSE China 50 (the Fund) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index (the Index). The Index is comprised of 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange (HKEX). The Fund’s investment advisor is ProShare Advisors LLC.