BRZU Stock Summary and Trading Ideas (Direxion Daily MSCI Brazil Bull 2X | ARCA:BRZU)

The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Brazil 25/50 Index. The Fund seeks daily leveraged investment results and does not seek to achieve its stated investment objective over a period of time greater than one day. The Fund is different and much riskier than most exchange traded funds.

Direxion Daily MSCI Brazil Bull 2X trades on the ARCA stock market under the symbol BRZU.

As of December 13, 2024, BRZU stock price declined to $49.86 with 162,675 million shares trading.

BRZU has a beta of 1.18, meaning it tends to be more sensitive to market movements. BRZU has a correlation of 0.15 to the broad based SPY ETF.

BRZU has a market cap of $112.62 million. This is considered a Micro Cap stock.

In the last 3 years, BRZU traded as high as $128.88 and as low as $49.50.

BRZU has underperformed the market in the last year with a price return of -44.1% while the SPY ETF gained +29.9%. BRZU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.4% and -2.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

BRZU support price is $50.22 and resistance is $53.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRZU shares will trade within this expected range on the day.