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FXP

12.16000 USD
0.07
0.58%
Last update May 9, 3:52 PM EDT
Market closed
Day range
11.96000
12.18000
Previous close
12.090000
Open
12.050000
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ProShares UltraShort FTSE China 50
12.16
0.07
0.58%

Overview

Description

The ProShares UltraShort FTSE China 50 is an inverse leveraged exchange-traded fund (ETF) designed to deliver two times the inverse daily performance of the FTSE China 50 Index. This index is composed of 50 of the largest, most liquid Chinese stocks listed on the Hong Kong Stock Exchange, representing various sectors such as technology, financials, and consumer services. The primary function of this ETF is to provide traders with a means of generating returns from declines in the value of Chinese equities, especially in volatile market scenarios. Investors often use such instruments to hedge existing positions against negative market movements or to speculate on downward trends. The ETF is especially pertinent for those interested in market dynamics impacting major Chinese companies, providing them with potential short-term strategic positioning advantages. It plays a critical role for investors seeking exposure to inverse market performance without directly shorting stocks or using derivatives contracts.

About

Address
Phone
Website
Instrument type
ETF
Country
United States
MIC code
ARCX
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 14 hours 36 minutes

13:23
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).