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 significant decrease in short interest in 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. Approximately 11.5% of the company’s stock are sold short. Based on an average daily volume of 71,248 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 71,248 shares, the short-interest ratio is currently 2.1 days. Approximately 11.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily MSCI Brazil Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC bought a new stake in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 2nd quarter worth $26,000. Simplex Trading LLC acquired a new position in Direxion Daily MSCI Brazil Bull 2X Shares during the 4th quarter worth $80,000. JPMorgan Chase & Co. lifted its position in 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 worth $173,000 after acquiring an additional 674 shares during the last quarter. Finally, Group One Trading LLC bought a new stake in Direxion Daily MSCI Brazil Bull 2X Shares during the third quarter valued at about $184,000.

Direxion Daily MSCI Brazil Bull 2X Shares Price Performance

NYSEARCA BRZU opened at $116.10 on Monday. Direxion Daily MSCI Brazil Bull 2X Shares has a fifty-two week low of $41.93 and a fifty-two week high of $121.73. The stock’s 50-day moving average is $99.19 and its two-hundred day moving average is $82.38. The firm has a market cap of $152.09 million, a P/E ratio of 10.75 and a beta of 1.75.

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.