China short FTSE/Xinhua 25 ETF (FXP), now 40c was 1000 ! ?

Discussion in 'ETFs' started by illumintai, May 23, 2010.

  1. Hi,

    I am referring to the ETF called FXP - its a China index ultrashort (x2) by ProShares.

    which, looking at it was once at 1000 ???

    it's trading below 50 now...

    This just means chinese index rose 10 fold since the lehman ?

    Please someone help explain this to me..