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

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 150,925 shares, a decline of 20.7% from the January 29th total of 190,233 shares. Approximately 11.5% of the shares of the company are short sold. Based on an average trading volume of 71,248 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 71,248 shares, the days-to-cover ratio is presently 2.1 days. Approximately 11.5% of the shares of the company are short sold.

Direxion Daily MSCI Brazil Bull 2X Shares Trading Up 3.3%

Direxion Daily MSCI Brazil Bull 2X Shares stock traded up $3.49 during midday trading on Wednesday, reaching $108.25. The company’s stock had a trading volume of 60,588 shares, compared to its average volume of 58,445. The business has a 50-day moving average price of $100.50 and a 200-day moving average price of $83.07. The stock has a market cap of $141.81 million, a PE ratio of 10.75 and a beta of 1.75. Direxion Daily MSCI Brazil Bull 2X Shares has a 52 week low of $41.93 and a 52 week high of $121.73.

Institutional Trading of Direxion Daily MSCI Brazil Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of BRZU. Addison Advisors LLC bought a new stake in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the second quarter worth about $26,000. Simplex Trading LLC purchased a new stake in Direxion Daily MSCI Brazil Bull 2X Shares in the 4th quarter worth about $80,000. JPMorgan Chase & Co. raised its position in Direxion Daily MSCI Brazil Bull 2X Shares by 34.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,643 shares of the company’s stock valued at $173,000 after purchasing an additional 674 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the 3rd quarter worth approximately $184,000.

About Direxion Daily MSCI Brazil Bull 2X Shares

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.