Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Sees Large Decline in Short Interest

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZUGet Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 191,951 shares, a decrease of 20.0% from the December 15th total of 240,004 shares. Approximately 14.1% of the shares of the company are sold short. Based on an average daily volume of 37,299 shares, the short-interest ratio is currently 5.1 days. Based on an average daily volume of 37,299 shares, the short-interest ratio is currently 5.1 days. Approximately 14.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily MSCI Brazil Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC bought a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 2nd quarter valued at about $26,000. JPMorgan Chase & Co. lifted its position in shares of Direxion Daily MSCI Brazil Bull 2X Shares by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 2,643 shares of the company’s stock worth $173,000 after buying an additional 674 shares in the last quarter. Finally, Group One Trading LLC bought a new position in Direxion Daily MSCI Brazil Bull 2X Shares during the third quarter valued at approximately $184,000.

Direxion Daily MSCI Brazil Bull 2X Shares Stock Down 1.3%

NYSEARCA:BRZU traded down $1.11 during mid-day trading on Monday, hitting $86.31. 9,983 shares of the company traded hands, compared to its average volume of 20,071. The stock’s fifty day moving average price is $82.10 and its 200-day moving average price is $71.60. The firm has a market cap of $113.07 million, a price-to-earnings ratio of 10.75 and a beta of 1.75. Direxion Daily MSCI Brazil Bull 2X Shares has a one year low of $41.93 and a one year high of $91.33.

About Direxion Daily MSCI Brazil Bull 2X Shares

(Get Free Report)

The Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index. The fund provides 2x daily leveraged exposure to a market-cap-weighted index of large- and mid-cap Brazilian companies. BRZU was launched on Apr 10, 2013 and is managed by Direxion.

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