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 target of a significant decrease in short interest during 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 trading volume of 71,248 shares, the days-to-cover ratio is presently 2.1 days. Currently, 11.5% of the company’s stock are sold short. Currently, 11.5% of the company’s stock are sold short. Based on an average trading volume of 71,248 shares, the days-to-cover ratio is presently 2.1 days.

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

Several institutional investors have recently made changes to their positions in BRZU. Addison Advisors LLC acquired a new position in Direxion Daily MSCI Brazil Bull 2X Shares in the second quarter worth approximately $26,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 674 shares in the last quarter. Simplex Trading LLC bought a new stake in Direxion Daily MSCI Brazil Bull 2X Shares in the fourth quarter worth approximately $80,000. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 3rd quarter worth $184,000.

Direxion Daily MSCI Brazil Bull 2X Shares Trading Down 1.9%

BRZU opened at $116.10 on Monday. The stock has a fifty day moving average price of $99.19 and a 200 day moving average price of $82.38. Direxion Daily MSCI Brazil Bull 2X Shares has a 1 year low of $41.93 and a 1 year high of $121.73. The stock has a market cap of $152.09 million, a price-to-earnings ratio of 10.75 and a beta of 1.75.

About Direxion Daily MSCI Brazil Bull 2X Shares

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.