FXP - ProShares UltraShort FTSE China 50
| Assets | $20.81M |
| NAV | $29.65 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Beta (5Y) | -1.29 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Mar 25, 2020 |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $29.77 |
| Previous Close | $29.66 |
| Change ($) | 0.11 |
| Change (%) | 0.37% |
| Day's Open | 29.46 |
| Day's Range | 29.32 - 29.98 |
| Day's Volume | 47,171 |
| 52-Week Range | 22.98 - 62.65 |
Fund Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the FTSE China 50 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index consists of 50 of the largest and most liquid Chinese stocks listed and traded on the Stock Exchange of Hong Kong. The fund is non-diversified.
| Asset Class Equity | Sector Asia |
| Region Asia-Pacific | Inception Date Nov 8, 2007 |
| Exchange NYSEARCA | Ticker Symbol FXP |
| Index Tracked FTSE China 50 Index | |
Top 10 Holdings
289.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 100.00% |
| Ishares Ftse China Large-Cap (Fxi) Swap Societe Generale - Cash Offset | 603698.SS | 75.54% |
| Ishares Ftse China Large-Cap (Fxi) Swap Ubs Ag - Cash Offset | 603698.SS | 49.82% |
| Ishares Ftse China Large-Cap (Fxi) Swap Citibank Na - Cash Offset | 603698.SS | 41.54% |
| Ishares Ftse China Large-Cap (Fxi) Swap Goldman Sachs International - Cash | 603698.SS | 13.25% |
| Ishares Ftse China Large-Cap (Fxi) Swap Morgan Stanley & Co. International | 603698.SS | 9.55% |
| Ishares Ftse China Large-Cap (Fxi) Swap Credit Suisse International - Cash | 603698.SS | 6.65% |
| Ishares Ftse China Large-Cap (Fxi) Swap Bank Of America Na - Cash Offset | 603698.SS | 3.56% |
| Ishares Ftse China Large-Cap (Fxi) Swap Bank Of America Na | 603698.SS | -3.56% |
| Ishares Ftse China Large-Cap (Fxi) Swap Credit Suisse International | 603698.SS | -6.65% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2020 | $0.021 | Apr 1, 2020 |
| Dec 24, 2019 | $0.109 | Jan 2, 2020 |
| Sep 25, 2019 | $0.169 | Oct 2, 2019 |
| Jun 25, 2019 | $0.226 | Jul 2, 2019 |
| Mar 20, 2019 | $0.142 | Mar 27, 2019 |
| Dec 26, 2018 | $0.12 | Jan 3, 2019 |
As Chinese markets plunged in the wake of heightened coronavirus fears, traders looked to inverse exchange traded funds to capitalize on the pullback in case of further weakening in China’s economy.
Chinese stocks suffered their largest one-day fall this year on reports that coronavirus has spread. Keep an eye on these inverse China ETFs.
Buyers returned to China bear ETFs after a Trump tweet reignited trade war fears. Trade against Chinese stocks using these funds.