ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Sees Significant Drop in Short Interest

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 11,551 shares, a decline of 57.9% from the April 30th total of 27,459 shares. Based on an average daily trading volume, of 33,670 shares, the short-interest ratio is currently 0.3 days. Currently, 3.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in ProShares UltraShort MSCI Brazil Capped in the second quarter valued at approximately $2,921,000. Susquehanna International Group LLP purchased a new stake in ProShares UltraShort MSCI Brazil Capped in the third quarter valued at approximately $404,000. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares UltraShort MSCI Brazil Capped in the third quarter valued at approximately $146,000.

ProShares UltraShort MSCI Brazil Capped Trading Down 0.4%

Shares of ProShares UltraShort MSCI Brazil Capped stock traded down $0.10 on Tuesday, hitting $22.23. 4,508 shares of the company were exchanged, compared to its average volume of 22,101. The company has a 50-day moving average price of $19.67 and a 200 day moving average price of $24.11. ProShares UltraShort MSCI Brazil Capped has a 1-year low of $16.34 and a 1-year high of $50.28.

ProShares UltraShort MSCI Brazil Capped Company Profile

The ProShares UltraShort MSCI Brazil Capped (BZQ) is an exchange-traded fund that is based on the MSCI Brazil 25-50 index. The fund provides 2x leveraged inverse exposure to a market-cap-weighted index of mid- and large-cap companies operating in Brazil. BZQ was launched on Jun 16, 2009 and is managed by ProShares.