ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) Stock Short Interest Climbs 390.3%

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 17,507 shares, an increase of 390.3% from the October 15th total of 3,571 shares. Approximately 19.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,183 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra MSCI Brazil Capped stock. A. D. Beadell Investment Counsel Inc. bought a new position in shares of ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,625 shares of the company’s stock, valued at approximately $1,864,000. A. D. Beadell Investment Counsel Inc. owned approximately 53.02% of ProShares Ultra MSCI Brazil Capped at the end of the most recent reporting period.

ProShares Ultra MSCI Brazil Capped Stock Up 2.8%

Shares of UBR stock traded up $0.61 during midday trading on Friday, reaching $22.69. 283 shares of the company were exchanged, compared to its average volume of 4,352. ProShares Ultra MSCI Brazil Capped has a 12 month low of $20.63 and a 12 month high of $45.00. The company’s 50 day moving average price is $33.63 and its two-hundred day moving average price is $33.81.

About ProShares Ultra MSCI Brazil Capped

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).