Name of ETF: ProShares UltraShort FTSE China 50
Benchmark Index: FTSE China 50 Index
Ticker Symbol: FXP
Types of Chinese Companies Included in this ETF: Large-sized Chinese companies.
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the FTSE China 50 Index goes up, the ETF is designed to go down. If the FTSE China 50 Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns based on a multiplier. In the case of this ETF, the multiplier is -2x (-200%).