| ProShares UltraShort FTSE/Xinhua China 25 is an open-end management investment company. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the FTSE/Xinhua China 25 Index (the Index). The Index consists of 25 of the Chinese stocks listed on the Hong Kong Stock Exchange. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index. As of May 31 2013, the Fund's total assets and investment portfolio totaled $147,561,663 and $128,056,315, respectively. We show 55 historical shares outstanding datapoints in our FXP shares outstanding history coverage, used to compute FXP market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FXP market cap history over the course of time is important for investors
interested in comparing FXP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FXP versus a peer is one thing; comparing
FXP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FXP can fluctuate over the course of history.
With this page we aim to empower investors researching FXP by allowing them to research the FXP market cap history.