ProShares Ultra FTSE China 50 (NYSEARCA:XPP) Stock Short Interest Drops 65.8%

ProShares Ultra FTSE China 50 (NYSEARCA:XPP) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,597 shares, a decrease of 65.8% from the August 31st total of 13,447 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 3,365 shares, the short-interest ratio is currently 1.4 days.

ProShares Ultra FTSE China 50 Price Performance

NYSEARCA XPP traded down $0.34 during mid-day trading on Friday, reaching $19.07. 1,810 shares of the company’s stock traded hands, compared to its average volume of 6,036. ProShares Ultra FTSE China 50 has a 1-year low of $16.57 and a 1-year high of $31.79. The company has a fifty day simple moving average of $20.87 and a 200-day simple moving average of $21.24.

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.