ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Sees Significant Growth in Short Interest

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,230 shares, a growth of 77.1% from the July 30th total of 11,986 shares. Based on an average daily volume of 6,998 shares, the short-interest ratio is currently 3.0 days. Approximately 19.3% of the shares of the company are sold short.

ProShares UltraShort MSCI Brazil Capped Stock Performance

Shares of BZQ opened at $21.55 on Monday. The business has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $21.31. ProShares UltraShort MSCI Brazil Capped has a 52 week low of $16.34 and a 52 week high of $41.94.

Institutional Investors Weigh In On ProShares UltraShort MSCI Brazil Capped

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZQ. Flow Traders U.S. LLC purchased a new position in ProShares UltraShort MSCI Brazil Capped during the third quarter valued at approximately $146,000. Susquehanna International Group LLP bought a new stake in shares of ProShares UltraShort MSCI Brazil Capped during the 3rd quarter valued at $404,000. Finally, Jane Street Group LLC purchased a new position in shares of ProShares UltraShort MSCI Brazil Capped in 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.