Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) Short Interest Up 23.6% in February

Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 186,535 shares, a growth of 23.6% from the February 12th total of 150,925 shares. Currently, 14.2% of the company’s stock are short sold. Based on an average daily volume of 62,648 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily volume of 62,648 shares, the days-to-cover ratio is currently 3.0 days. Currently, 14.2% of the company’s stock are short sold.

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

A number of large investors have recently bought and sold shares of BRZU. Simplex Trading LLC acquired a new position in shares of Direxion Daily MSCI Brazil Bull 2X Shares during the 4th quarter worth $80,000. JPMorgan Chase & Co. raised its position in Direxion Daily MSCI Brazil Bull 2X Shares by 34.2% during 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 during the last quarter. Finally, Group One Trading LLC acquired a new position in Direxion Daily MSCI Brazil Bull 2X Shares during the third quarter worth about $184,000.

Direxion Daily MSCI Brazil Bull 2X Shares Stock Performance

Shares of BRZU stock traded up $1.72 during mid-day trading on Tuesday, hitting $104.13. 26,561 shares of the stock were exchanged, compared to its average volume of 58,901. The stock’s fifty day simple moving average is $104.77 and its two-hundred day simple moving average is $85.68. The stock has a market capitalization of $136.41 million, a price-to-earnings ratio of 10.75 and a beta of 1.75. Direxion Daily MSCI Brazil Bull 2X Shares has a 12-month low of $41.93 and a 12-month high of $121.73.

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.