Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Short Interest Update

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 142,900 shares, a growth of 44.6% from the September 15th total of 98,800 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Addison Advisors LLC purchased a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 2nd quarter valued at $26,000. JPMorgan Chase & Co. grew its position in shares of Direxion Daily MSCI Brazil Bull 2X Shares by 34.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,643 shares of the company’s stock valued at $173,000 after purchasing an additional 674 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 1st quarter valued at $2,460,000.

Direxion Daily MSCI Brazil Bull 2X Shares Price Performance

Shares of BRZU stock opened at $70.67 on Friday. The company’s fifty day simple moving average is $68.12 and its two-hundred day simple moving average is $61.69. Direxion Daily MSCI Brazil Bull 2X Shares has a 1 year low of $40.61 and a 1 year high of $76.05. The stock has a market capitalization of $120.85 million, a price-to-earnings ratio of 10.75 and a beta of 2.17.

About Direxion Daily MSCI Brazil Bull 2X Shares

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.