Short Interest in Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Decreases By 42.1%

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) saw a large drop in short interest in August. As of August 15th, there was short interest totaling 99,400 shares, adropof42.1% from the July 31st total of 171,700 shares. Based on an average daily trading volume, of 58,200 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 58,200 shares, the short-interest ratio is presently 1.7 days.

Direxion Daily MSCI Brazil Bull 2X Shares Stock Performance

Shares of BRZU traded down $1.00 during trading hours on Monday, hitting $66.65. The company had a trading volume of 28,575 shares, compared to its average volume of 72,586. The stock has a market capitalization of $127.30 million, a price-to-earnings ratio of 10.75 and a beta of 2.17. The firm has a fifty day moving average price of $61.22 and a 200-day moving average price of $57.29. Direxion Daily MSCI Brazil Bull 2X Shares has a 52-week low of $40.61 and a 52-week high of $75.36.

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

Institutional investors have recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the 2nd quarter valued at about $26,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the 1st quarter valued at about $53,000. JPMorgan Chase & Co. lifted its holdings 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 bought a new stake in Direxion Daily MSCI Brazil Bull 2X Shares during the first quarter worth about $2,460,000.

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.