18-Apr-2024
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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 18, 2024, FXP stock price declined to $37.29 with 2,294 million shares trading.
FXP has a market cap of $16.85 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 +23.3% while the SPY ETF gained +22.2%. However, in the short term, FXP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -22.6% vs +5.2% return in SPY. But in the last 2 weeks, FXP shares have fared better than the market returning +1.8% compared to SPY -2.6%.
FXP support price is $37.62 and resistance is $39.44 (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.