Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Short Interest Up 23.6% in February

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 186,535 shares, an increase of 23.6% from the February 12th total of 150,925 shares. Based on an average daily trading volume, of 62,648 shares, the days-to-cover ratio is currently 3.0 days. Currently, 14.2% of the shares of the stock are sold short. Currently, 14.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 62,648 shares, the days-to-cover ratio is currently 3.0 days.

Direxion Daily MSCI Brazil Bull 2X Shares Trading Up 6.2%

Shares of BRZU stock traded up $5.95 during trading hours on Monday, reaching $102.41. The stock had a trading volume of 51,785 shares, compared to its average volume of 59,560. The stock’s fifty day simple moving average is $104.42 and its 200 day simple moving average is $85.43. The firm has a market capitalization of $134.16 million, a PE ratio of 10.75 and a beta of 1.75. Direxion Daily MSCI Brazil Bull 2X Shares has a 12 month low of $41.93 and a 12 month high of $121.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BRZU. JPMorgan Chase & Co. raised its position 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 worth $173,000 after buying an additional 674 shares in the last quarter. Group One Trading LLC bought a new stake in Direxion Daily MSCI Brazil Bull 2X Shares during the third quarter valued at $184,000. Finally, Simplex Trading LLC purchased a new position in Direxion Daily MSCI Brazil Bull 2X Shares during the fourth quarter worth about $80,000.

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.