ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Shares to Reverse Split on Thursday, May 28th

Shares of ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) are set to reverse split on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

ProShares UltraShort MSCI Brazil Capped Trading Up 2.3%

Shares of NYSEARCA BZQ traded up $0.22 during trading on Tuesday, reaching $9.82. 28,831 shares of the stock were exchanged, compared to its average volume of 46,524. The business’s 50-day moving average price is $9.93 and its 200 day moving average price is $12.71. ProShares UltraShort MSCI Brazil Capped has a twelve month low of $8.17 and a twelve month high of $25.36.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new stake in ProShares UltraShort MSCI Brazil Capped during the third quarter valued at $146,000. Susquehanna International Group LLP purchased a new stake in ProShares UltraShort MSCI Brazil Capped during the third quarter valued at about $404,000. Finally, Jane Street Group LLC purchased a new stake in ProShares UltraShort MSCI Brazil Capped during the second quarter valued at about $2,921,000.

ProShares UltraShort MSCI Brazil Capped Company Profile

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.