22.08 +0.28 (1.28%)
After hours: 5:32PM EST
|Bid||22.00 x 1200|
|Ask||22.15 x 1400|
|Day's Range||21.03 - 23.78|
|52 Week Range||19.47 - 41.32|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-41.19%|
|Beta (5Y Monthly)||1.36|
|Expense Ratio (net)||1.36%|
Brazilian president Jair Bolsonaro earned an uptick in approval ratings following a 0.6% rise in the country’s economy in the third quarter. Of course, the success of one begets the other and in this case, it’s the economy driving Bolsonaro’s popularity—both prime factors for the success of the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) . “Brazil President Jair Bolsonaro’s approval rating stabilized following a drop earlier this year amid increased optimism on the future of the nation’s economy, a public opinion survey showed,” a Bloomberg report said.
Brazilian stocks surged Tuesday after the country's Senate approved major social security reforms. Trade Brazilian stocks using these ETFs.
It was an ambitious call to say the least, particularly after the MSCI Brazil 25/50 Index notched a double-digit loss in August, but data suggest traders are embracing the Direxion Daily MSCI Brazil Bull 3X Shares (NYSE: BRZU). Traders enthusiasm for BRZU comes amid a murky backdrop including the recent Amazon fires and increasing speculation that Latin America's largest economy is on the brink of a recession. Brazil’s economy, No. 8 in the world, refuses to rebound.
Aside from a summer day in the desert, you would be hard-pressed to find something hotter than the Direxion Daily MSCI Brazil Bull 3X ETF (BRZU) , which has been scorching with gains the past month. The fund is up over 18 percent month-to-date (as of July 12) and things could continue heating up based on an economic indicator tracked by the country's central bank. The central bank’s IBC-BR economic activity index, which is a leading indicator of gross domestic product (GDP), was 0.54 percent higher during the month of May. The index rebounded from a 0.47 percent decline compared to the previous month and also represents its strongest reading since June 2018.
Wall Street continued its winning streak to start the second half by making history amid lingering trade war and global growth concerns. We have highlighted five ETFs that have gained in double digits so far this month.
Brazilian stocks are usually more volatile than broader emerging markets benchmarks, and political volatility often plays a role in the gyrations of equities in Latin America's largest economy. What Happened ...