ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) Stock Price Up 6.1%

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ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) shares rose 6.1% on Wednesday . The stock traded as high as $76.83 and last traded at $76.77, approximately 216,525 shares traded hands during trading. An increase of 133% from the average daily volume of 92,807 shares. The stock had previously closed at $72.36.

The business’s 50-day moving average price is $64.27.

An institutional investor recently raised its position in ProShares UltraShort FTSE China 50 stock. Morgan Stanley raised its holdings in shares of ProShares UltraShort FTSE China 50 (NYSEARCA:FXP) by 360.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 520 shares of the company’s stock after purchasing an additional 407 shares during the quarter. Morgan Stanley owned approximately 0.09% of ProShares UltraShort FTSE China 50 worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

ProShares UltraShort FTSE China 50 Company Profile (NYSEARCA:FXP)

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).

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