FXP Stock Summary and Trading Ideas (ProShares Ultrashort FTSE China 50 | ARCA:FXP)

ProShares UltraShort FTSE/Xinhua China 50 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the FTSE/Xinhua China 50 Index.

ProShares Ultrashort FTSE China 50 trades on the ARCA stock market under the symbol FXP.

As of April 17, 2024, FXP stock price climbed to $38.53 with 9,009 million shares trading.

FXP has a market cap of $17.41 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FXP stock traded as high as $75.00 and as low as $25.09.

FXP has outperformed the market in the last year with a price return of +27.9% while the SPY ETF gained +23.0%. However, in the short term, FXP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -20.6% vs +5.7% return in SPY. But in the last 2 weeks, FXP shares have fared better than the market returning +6.8% compared to SPY -3.5%.

FXP support price is $37.49 and resistance is $39.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FXP stock will trade within this expected range on the day.