ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) Sees Large Decrease in Short Interest

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,605 shares, a decrease of 56.2% from the February 26th total of 10,504 shares. Based on an average daily trading volume, of 7,582 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.8% of the company’s shares are sold short.

ProShares Ultra MSCI Brazil Capped Price Performance

Shares of UBR stock traded down $0.35 on Friday, reaching $33.53. 5,212 shares of the company’s stock were exchanged, compared to its average volume of 6,310. ProShares Ultra MSCI Brazil Capped has a 52 week low of $14.00 and a 52 week high of $40.24. The company’s fifty day simple moving average is $35.62 and its 200 day simple moving average is $28.93.

ProShares Ultra MSCI Brazil Capped Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors 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 dividend yield of 1.5%. The ex-dividend date of this dividend 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).