ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) Sees Large Drop in Short Interest

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,454 shares, a decline of 53.8% from the April 15th total of 5,310 shares. Based on an average daily volume of 5,738 shares, the short-interest ratio is currently 0.4 days. Currently, 2.0% of the shares of the company are short sold.

ProShares Ultra MSCI Brazil Capped Price Performance

Shares of NYSEARCA:UBR traded down $1.62 on Friday, hitting $32.24. The company had a trading volume of 3,305 shares, compared to its average volume of 6,185. ProShares Ultra MSCI Brazil Capped has a 1-year low of $18.09 and a 1-year high of $43.88. The stock has a 50 day moving average price of $37.05 and a 200 day moving average price of $32.57.

About ProShares Ultra MSCI Brazil Capped

ProShares Ultra MSCI Brazil Capped, formerly ProShares Ultra MSCI Brazil, seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI Brazil Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index is divided into large- and mid-cap segments. The Fund invests in common stock issued by public companies. The Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and New York Shares (NYSs).