ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Sees Significant Growth in Short Interest

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQGet Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 21,230 shares, a growth of 77.1% from the July 30th total of 11,986 shares. Based on an average daily volume of 6,998 shares, the short-interest ratio is currently 3.0 days. Currently, 19.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares UltraShort MSCI Brazil Capped

Several large investors have recently modified their holdings of BZQ. Flow Traders U.S. LLC bought a new position in ProShares UltraShort MSCI Brazil Capped during the third quarter valued at $146,000. Susquehanna International Group LLP bought a new position in ProShares UltraShort MSCI Brazil Capped in the 3rd quarter worth about $404,000. Finally, Jane Street Group LLC purchased a new position in ProShares UltraShort MSCI Brazil Capped during the 2nd quarter worth $2,921,000.

ProShares UltraShort MSCI Brazil Capped Price Performance

NYSEARCA:BZQ opened at $21.55 on Monday. The stock’s 50 day simple moving average is $22.23 and its two-hundred day simple moving average is $21.31. ProShares UltraShort MSCI Brazil Capped has a 1 year low of $16.34 and a 1 year high of $41.94.

ProShares UltraShort MSCI Brazil Capped Company Profile

(Get Free Report)

The ProShares UltraShort MSCI Brazil Capped (BZQ) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index. The fund provides 2x leveraged inverse exposure to a market-cap-weighted index of mid- and large-cap companies operating in Brazil. BZQ was launched on Jun 16, 2009 and is managed by ProShares.

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