Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Short Interest Up 48.8% in October

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 212,600 shares, a growth of 48.8% from the September 30th total of 142,900 shares. Based on an average daily trading volume, of 54,500 shares, the short-interest ratio is presently 3.9 days. Approximately 12.4% of the shares of the company are short sold. Approximately 12.4% of the shares of the company are short sold. Based on an average daily trading volume, of 54,500 shares, the short-interest ratio is presently 3.9 days.

Direxion Daily MSCI Brazil Bull 2X Shares Stock Performance

Shares of NYSEARCA:BRZU traded down $1.40 on Tuesday, hitting $74.00. The stock had a trading volume of 37,273 shares, compared to its average volume of 67,710. Direxion Daily MSCI Brazil Bull 2X Shares has a twelve month low of $40.61 and a twelve month high of $76.05. The firm’s 50 day moving average price is $69.62 and its 200-day moving average price is $63.08. The company has a market capitalization of $126.54 million, a price-to-earnings ratio of 10.75 and a beta of 1.75.

Institutional Investors Weigh In On Direxion Daily MSCI Brazil Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Addison Advisors LLC acquired a new stake in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the 2nd quarter valued at $26,000. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily MSCI Brazil Bull 2X Shares by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 2,643 shares of the company’s stock valued at $173,000 after buying an additional 674 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the first quarter valued at about $2,460,000.

Direxion Daily MSCI Brazil Bull 2X Shares Company Profile

The Direxion Daily MSCI Brazil Bull 2X Shares (BRZU) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index. The fund provides 2x daily leveraged exposure to a market-cap-weighted index of large- and mid-cap Brazilian companies. BRZU was launched on Apr 10, 2013 and is managed by Direxion.