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ProShares Ultra MSCI Brazil Capped Breaks Below 200-Day Moving Average
Source: Nasdaq
Market Technicals & FlowsEmerging MarketsDerivatives & Volatility
ProShares Ultra MSCI Brazil Capped ETF (UBR) fell about 2.5% Thursday, trading as low as $32.61 and breaking below its 200-day moving average of $32.95. The technical breach signals weakening momentum for the leveraged Brazil equity ETF, though the news is unlikely to have broad market impact.
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