Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Short Interest Update

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 186,535 shares, a growth of 23.6% from the February 12th total of 150,925 shares. Approximately 14.2% of the company’s shares are sold short. Based on an average daily volume of 62,648 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 62,648 shares, the short-interest ratio is currently 3.0 days. Approximately 14.2% of the company’s shares are sold short.

Direxion Daily MSCI Brazil Bull 2X Shares Trading Down 3.6%

Shares of NYSEARCA:BRZU traded down $3.64 on Friday, reaching $96.46. 72,658 shares of the company traded hands, compared to its average volume of 59,711. The business’s 50-day simple moving average is $104.42 and its 200 day simple moving average is $85.29. Direxion Daily MSCI Brazil Bull 2X Shares has a 52 week low of $41.93 and a 52 week high of $121.73. The stock has a market capitalization of $126.36 million, a P/E ratio of 10.75 and a beta of 1.75.

Hedge Funds Weigh In On Direxion Daily MSCI Brazil Bull 2X Shares

A number of large investors have recently bought and sold shares of the stock. Simplex Trading LLC purchased a new stake in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the fourth quarter valued at approximately $80,000. Group One Trading LLC purchased a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the third quarter worth $184,000. Finally, JPMorgan Chase & Co. increased its stake 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 during the period.

Direxion Daily MSCI Brazil Bull 2X Shares Company Profile

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.