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 24, 2024, FXP stock price declined to $33.79 with 5,299 million shares trading.

FXP has a market cap of $15.27 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 underperformed the market in the last year with a price return of +4.7% while the SPY ETF gained +24.2%. FXP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.7% and -5.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

FXP support price is $34.31 and resistance is $36.01 (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.