ProShares UltraShort MSCI Brazil Capped Stock Set to Reverse Split on Thursday, November 20th (NYSEARCA:BZQ)

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) shares are set to reverse split on the morning of Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 19th.

ProShares UltraShort MSCI Brazil Capped Stock Performance

BZQ opened at $7.80 on Friday. The firm has a 50-day moving average of $9.18 and a 200 day moving average of $10.70. ProShares UltraShort MSCI Brazil Capped has a fifty-two week low of $7.59 and a fifty-two week high of $19.72.

Institutional Investors Weigh In On ProShares UltraShort MSCI Brazil Capped

A hedge fund recently bought a new stake in ProShares UltraShort MSCI Brazil Capped stock. Jane Street Group LLC bought a new position in ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 277,650 shares of the company’s stock, valued at approximately $2,921,000. Jane Street Group LLC owned about 45.52% of ProShares UltraShort MSCI Brazil Capped at the end of the most recent quarter.

About ProShares UltraShort MSCI Brazil Capped

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.