ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Short Interest Down 24.9% in December

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 6,683 shares, a decrease of 24.9% from the December 15th total of 8,903 shares. Based on an average trading volume of 4,183 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 4,183 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On ProShares Ultra FTSE China 50

A hedge fund recently bought a new stake in ProShares Ultra FTSE China 50 stock. Global View Capital Management LLC acquired a new position in shares of ProShares Ultra FTSE China 50 (NYSEARCA:XPP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,665 shares of the company’s stock, valued at approximately $265,000. Global View Capital Management LLC owned about 1.26% of ProShares Ultra FTSE China 50 at the end of the most recent quarter.

ProShares Ultra FTSE China 50 Stock Performance

ProShares Ultra FTSE China 50 stock opened at $27.47 on Monday. ProShares Ultra FTSE China 50 has a 52-week low of $15.98 and a 52-week high of $31.79. The firm has a 50 day moving average price of $27.52 and a two-hundred day moving average price of $27.80.

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.