ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 17,507 shares, an increase of 390.3% from the October 15th total of 3,571 shares. Currently, 19.5% of the shares of the company are sold short. Based on an average daily volume of 8,183 shares, the short-interest ratio is presently 2.1 days.
ProShares Ultra MSCI Brazil Capped Price Performance
UBR traded up $0.35 during trading on Wednesday, reaching $22.96. The company’s stock had a trading volume of 1,614 shares, compared to its average volume of 4,408. The company’s fifty day moving average price is $34.08 and its 200-day moving average price is $33.94. ProShares Ultra MSCI Brazil Capped has a 52-week low of $20.63 and a 52-week high of $45.00.
Institutional Investors Weigh In On ProShares Ultra MSCI Brazil Capped
A hedge fund recently bought a new position in ProShares Ultra MSCI Brazil Capped stock. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 63,625 shares of the company’s stock, valued at approximately $1,864,000. A. D. Beadell Investment Counsel Inc. owned 53.02% of ProShares Ultra MSCI Brazil Capped as of its most recent SEC filing.
ProShares Ultra MSCI Brazil Capped Company Profile
ProShares Ultra MSCI Brazil Capped, formerly ProShares Ultra MSCI Brazil, seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI Brazil Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index is divided into large- and mid-cap segments. The Fund invests in common stock issued by public companies. The Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and New York Shares (NYSs).
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