Miracle Mile Advisors LLC Makes New Investment in ProShares Ultra FTSE China 50 (NYSEARCA:XPP)

Miracle Mile Advisors LLC acquired a new stake in ProShares Ultra FTSE China 50 (NYSEARCA:XPPFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,000 shares of the company’s stock, valued at approximately $221,000. Miracle Mile Advisors LLC owned about 1.78% of ProShares Ultra FTSE China 50 as of its most recent filing with the SEC.

ProShares Ultra FTSE China 50 Price Performance

Shares of NYSEARCA:XPP opened at $17.58 on Friday. The company’s 50-day moving average is $18.36 and its 200 day moving average is $17.53. ProShares Ultra FTSE China 50 has a fifty-two week low of $10.27 and a fifty-two week high of $28.81.

ProShares Ultra FTSE China 50 Profile

(Free Report)

The ProShares Ultra FTSE China 50 (XPP) is an exchange-traded fund that is based on the FTSE China 50 Net Tax USD index. The fund provides daily 2x exposure to a free-float-weighted index comprising 50 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange. XPP was launched on Jun 4, 2009 and is managed by ProShares.

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