Short Interest in ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) Declines By 56.2%

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,605 shares, a drop of 56.2% from the February 26th total of 10,504 shares. Based on an average trading volume of 7,582 shares, the short-interest ratio is currently 0.6 days. Approximately 3.8% of the shares of the stock are sold short.

ProShares Ultra MSCI Brazil Capped Price Performance

Shares of NYSEARCA:UBR traded down $1.41 during trading on Thursday, hitting $33.88. 1,489 shares of the stock were exchanged, compared to its average volume of 6,331. The company has a fifty day moving average price of $35.42 and a two-hundred day moving average price of $28.82. ProShares Ultra MSCI Brazil Capped has a 12-month low of $14.00 and a 12-month high of $40.24.

ProShares Ultra MSCI Brazil Capped Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.1271 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, March 25th.

ProShares Ultra MSCI Brazil Capped Company Profile

ProShares Ultra MSCI Brazil Capped, formerly ProShares Ultra MSCI Brazil, seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the MSCI Brazil Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index is divided into large- and mid-cap segments. The Fund invests in common stock issued by public companies. The Fund may invest in American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs) and New York Shares (NYSs).