ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) Shares to Reverse Split on Thursday, May 28th

ProShares UltraShort MSCI Brazil Capped (NYSEARCA:BZQ) shares are going to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 27th.

ProShares UltraShort MSCI Brazil Capped Trading Up 2.3%

BZQ stock traded up $0.22 during midday trading on Tuesday, hitting $9.82. 28,831 shares of the company traded hands, compared to its average volume of 46,524. ProShares UltraShort MSCI Brazil Capped has a twelve month low of $8.17 and a twelve month high of $25.36. The business has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $12.71.

Hedge Funds Weigh In On ProShares UltraShort MSCI Brazil Capped

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZQ. Jane Street Group LLC acquired a new position in ProShares UltraShort MSCI Brazil Capped during the second quarter valued at approximately $2,921,000. Flow Traders U.S. LLC acquired a new stake in shares of ProShares UltraShort MSCI Brazil Capped in the third quarter worth $146,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of ProShares UltraShort MSCI Brazil Capped in the third quarter worth $404,000.

ProShares UltraShort MSCI Brazil Capped Company Profile

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.