ProShares UltraShort MSCI Brazil Capped Stock to Reverse Split on Thursday, November 20th (NYSEARCA:BZQ)

Shares of ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) are scheduled to reverse split on the morning of Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 19th.

ProShares UltraShort MSCI Brazil Capped Price Performance

NYSEARCA BZQ opened at $8.25 on Friday. ProShares UltraShort MSCI Brazil Capped has a 1-year low of $8.25 and a 1-year high of $19.72. The stock has a 50-day moving average of $9.41 and a 200-day moving average of $10.89.

Institutional Trading of ProShares UltraShort MSCI Brazil Capped

A hedge fund recently bought a new stake in ProShares UltraShort MSCI Brazil Capped stock. Jane Street Group LLC bought a new position in ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 277,650 shares of the company’s stock, valued at approximately $2,921,000. Jane Street Group LLC owned 45.52% of ProShares UltraShort MSCI Brazil Capped as of its most recent SEC filing.

About ProShares UltraShort MSCI Brazil Capped

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.