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

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 17,507 shares, a growth of 390.3% from the October 15th total of 3,571 shares. Based on an average trading volume of 8,183 shares, the days-to-cover ratio is currently 2.1 days. Approximately 19.5% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares Ultra MSCI Brazil Capped

A hedge fund recently bought a new stake in ProShares Ultra MSCI Brazil Capped stock. A. D. Beadell Investment Counsel Inc. purchased a new position in ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,625 shares of the company’s stock, valued at approximately $1,864,000. A. D. Beadell Investment Counsel Inc. owned about 53.02% of ProShares Ultra MSCI Brazil Capped as of its most recent SEC filing.

ProShares Ultra MSCI Brazil Capped Trading Down 3.9%

UBR stock traded down $0.90 during midday trading on Thursday, reaching $22.08. 368 shares of the company traded hands, compared to its average volume of 4,371. ProShares Ultra MSCI Brazil Capped has a 52-week low of $20.63 and a 52-week high of $45.00. The business has a 50 day moving average of $33.89 and a 200-day moving average of $33.88.

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).