BZQ Stock Summary and Trading Ideas (ProShares Ultrashort MSCI Brazil Capped | ARCA:BZQ)

ProShares UltraShort MSCI Brazil Capped seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index. The MSCI Brazil 25/50 Index is a free-float-adjusted, market capitalization weighted index that is designed to measure the equity market performance of the Brazilian market. The Index is divided into large- and mid-cap segments and targets approximately 85% of free-float-adjusted market capitalization of the region.

ProShares Ultrashort MSCI Brazil Capped trades on the ARCA stock market under the symbol BZQ.

As of April 18, 2024, BZQ stock price climbed to $13.25 with 18,553 million shares trading.

BZQ has a market cap of $8.73 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BZQ stock traded as high as $42.74 and as low as $9.82.

BZQ stock has underperformed the market in the last year with a return of -23.0%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BZQ shares. However, BZQ has outperformed the market in the last 3 month and 2 week periods, returning +18.1% and +12.6%, while SPY returned +5.2% and -2.6%, respectively. This indicates BZQ has been having a stronger performance recently.

BZQ support price is $12.85 and resistance is $13.57 (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 BZQ stock will trade within this expected range on the day.