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

ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) was the target of a large drop in short interest in the month of 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 days-to-cover ratio is currently 1.8 days. Currently, 3.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

ProShares UltraShort FTSE China 50 Trading Down 5.8%

NYSEARCA FXP opened at $19.78 on Wednesday. ProShares UltraShort FTSE China 50 has a fifty-two week low of $15.80 and a fifty-two week high of $23.52. The stock has a 50 day simple moving average of $20.04 and a two-hundred day simple moving average of $18.73.

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.