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

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) was the recipient of a large 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. Currently, 19.3% of the shares of the company are short sold. Based on an average daily trading volume, of 6,998 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort MSCI Brazil Capped during the 2nd quarter worth $2,921,000. Susquehanna International Group LLP purchased a new stake in shares of ProShares UltraShort MSCI Brazil Capped in the 3rd quarter worth $404,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraShort MSCI Brazil Capped in the 3rd quarter worth $146,000.

ProShares UltraShort MSCI Brazil Capped Stock Performance

Shares of BZQ stock traded down $0.81 on Tuesday, reaching $20.08. The stock had a trading volume of 1,926 shares, compared to its average volume of 16,067. ProShares UltraShort MSCI Brazil Capped has a 1 year low of $16.34 and a 1 year high of $41.94. The company has a 50 day simple moving average of $22.17 and a 200 day simple moving average of $21.31.

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.