ProShares Short FTSE China 50 (NYSEARCA:YXI) Trading Up 3.5%

ProShares Short FTSE China 50 (NYSEARCA:YXI)’s stock price were up 3.5% during mid-day trading on Monday . The stock traded as high as $20.83 and last traded at $20.88, approximately 600 shares were traded during mid-day trading. A decline of 94% from the average daily volume of 9,997 shares. The stock had previously closed at $20.18.

The business has a 50-day simple moving average of $19.10.

A hedge fund recently raised its stake in ProShares Short FTSE China 50 stock. BNP Paribas Arbitrage SA increased its position in ProShares Short FTSE China 50 (NYSEARCA:YXI) by 1,084.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,319 shares of the company’s stock after buying an additional 4,870 shares during the period. BNP Paribas Arbitrage SA owned 1.52% of ProShares Short FTSE China 50 worth $98,000 at the end of the most recent reporting period.

About ProShares Short FTSE China 50 (NYSEARCA:YXI)

ProShares Short FTSE China 50 (the Fund) is an exchange-traded fund. The Fund seeks investment results for a single day. The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from the inverse (-1x) of the return of the FTSE China 50 Index (the Index) for that period.

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