ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) Short Interest Down 53.8% in April

ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,454 shares, a drop of 53.8% from the April 15th total of 5,310 shares. Based on an average daily trading volume, of 5,738 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.0% of the company’s shares are sold short.

ProShares Ultra MSCI Brazil Capped Stock Down 4.8%

Shares of NYSEARCA:UBR traded down $1.62 on Friday, reaching $32.24. 3,305 shares of the company traded hands, compared to its average volume of 6,185. The business’s 50-day simple moving average is $37.05 and its 200 day simple moving average is $32.57. ProShares Ultra MSCI Brazil Capped has a 52 week low of $18.09 and a 52 week high of $43.88.

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).