Shares of ProShares Ultra MSCI Brazil Capped (NYSEARCA:UBR) were down 6.6% during trading on Monday . The company traded as low as $34.28 and last traded at $34.28. Approximately 4,084 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 11,552 shares. The stock had previously closed at $36.71.
The stock’s fifty day simple moving average is $34.01 and its 200 day simple moving average is $26.70.
ProShares Ultra MSCI Brazil Capped Company Profile (NYSEARCA:UBR)
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.
Further Reading: How Investors Use a Balance Sheet
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