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

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) was the recipient of a large drop in short interest in the month of 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 trading volume of 33,670 shares, the short-interest ratio is currently 0.3 days. Approximately 3.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares UltraShort MSCI Brazil Capped

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort MSCI Brazil Capped during the 2nd quarter valued at about $2,921,000. Susquehanna International Group LLP purchased a new position in ProShares UltraShort MSCI Brazil Capped in the 3rd quarter valued at about $404,000. Finally, Flow Traders U.S. LLC purchased a new position in ProShares UltraShort MSCI Brazil Capped in the 3rd quarter valued at about $146,000.

ProShares UltraShort MSCI Brazil Capped Price Performance

Shares of NYSEARCA:BZQ traded up $0.25 during trading on Friday, reaching $22.06. 8,026 shares of the company’s stock traded hands, compared to its average volume of 22,273. ProShares UltraShort MSCI Brazil Capped has a fifty-two week low of $16.34 and a fifty-two week high of $50.28. The company has a 50-day simple moving average of $19.68 and a 200-day simple moving average of $24.23.

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.