ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 17,507 shares, an increase of 390.3% from the October 15th total of 3,571 shares. Approximately 19.5% of the shares of the company are sold short. Based on an average daily volume of 8,183 shares, the short-interest ratio is presently 2.1 days.
Institutional Investors Weigh In On ProShares Ultra MSCI Brazil Capped
An institutional investor recently bought a new position in ProShares Ultra MSCI Brazil Capped stock. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 63,625 shares of the company’s stock, valued at approximately $1,864,000. A. D. Beadell Investment Counsel Inc. owned about 53.02% of ProShares Ultra MSCI Brazil Capped as of its most recent SEC filing.
ProShares Ultra MSCI Brazil Capped Trading Up 1.6%
ProShares Ultra MSCI Brazil Capped stock traded up $0.35 during midday trading on Wednesday, hitting $22.96. 1,614 shares of the company’s stock were exchanged, compared to its average volume of 4,408. ProShares Ultra MSCI Brazil Capped has a 12-month low of $20.63 and a 12-month high of $45.00. The firm’s 50 day simple moving average is $34.08 and its 200 day simple moving average is $33.94.
About ProShares Ultra MSCI Brazil Capped
ProShares Ultra MSCI Brazil Capped, formerly ProShares Ultra MSCI Brazil, seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI Brazil Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index is divided into large- and mid-cap segments. The Fund invests in common stock issued by public companies. The Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and New York Shares (NYSs).
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