Short Interest in ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Decreases By 57.9%

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 11,551 shares, a drop of 57.9% from the April 30th total of 27,459 shares. Based on an average daily trading volume, of 33,670 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.5% of the company’s stock are short sold.

ProShares UltraShort MSCI Brazil Capped Price Performance

Shares of NYSEARCA:BZQ traded up $0.27 during midday trading on Monday, hitting $22.33. The stock had a trading volume of 4,508 shares, compared to its average volume of 22,101. ProShares UltraShort MSCI Brazil Capped has a 12 month low of $16.34 and a 12 month high of $50.28. The business’s 50-day simple moving average is $19.67 and its 200-day simple moving average is $24.11.

Hedge Funds Weigh In On ProShares UltraShort MSCI Brazil Capped

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of ProShares UltraShort MSCI Brazil Capped in the second quarter valued at $2,921,000. Susquehanna International Group LLP bought a new position in shares of ProShares UltraShort MSCI Brazil Capped in the third quarter valued at $404,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares UltraShort MSCI Brazil Capped during the 3rd quarter valued at $146,000.

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.