ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Shares Scheduled to Reverse Split on Thursday, November 20th

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP)’s stock is scheduled to reverse split before the market opens on Thursday, November 20th. The 1-2 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 19th.

ProShares UltraShort FTSE China 50 Trading Up 2.5%

FXP stock opened at $8.57 on Friday. ProShares UltraShort FTSE China 50 has a 1-year low of $7.90 and a 1-year high of $20.68. The business’s 50 day moving average is $8.51 and its 200-day moving average is $9.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort FTSE China 50 stock. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,556 shares of the company’s stock, valued at approximately $26,000. Simplex Trading LLC owned 0.45% of ProShares UltraShort FTSE China 50 as of its most recent filing with the Securities & Exchange Commission.

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).