Short Interest in Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Drops By 20.7%

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 150,925 shares, a decrease of 20.7% from the January 29th total of 190,233 shares. Based on an average daily volume of 71,248 shares, the short-interest ratio is currently 2.1 days. Approximately 11.5% of the shares of the company are sold short. Approximately 11.5% of the shares of the company are sold short. Based on an average daily volume of 71,248 shares, the short-interest ratio is currently 2.1 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Group One Trading LLC bought a new position in Direxion Daily MSCI Brazil Bull 2X Shares in the 3rd quarter worth $184,000. Simplex Trading LLC bought a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares in the fourth quarter worth about $80,000. JPMorgan Chase & Co. lifted 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 buying an additional 674 shares in the last quarter. Finally, Addison Advisors LLC bought a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 2nd quarter valued at approximately $26,000.

Direxion Daily MSCI Brazil Bull 2X Shares Trading Down 9.3%

NYSEARCA BRZU traded down $10.74 during trading hours on Tuesday, hitting $104.76. 132,565 shares of the company’s stock traded hands, compared to its average volume of 58,391. Direxion Daily MSCI Brazil Bull 2X Shares has a 52 week low of $41.93 and a 52 week high of $121.73. The firm has a market capitalization of $137.24 million, a P/E ratio of 10.75 and a beta of 1.75. The business’s fifty day moving average price is $100.50 and its two-hundred day moving average price is $83.07.

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.