Another, albeit slight sign of increased risk appetite with Brazil ETFs comes by way of the Direxion Daily Brazil Bull 3x Shares (NYSEArca; BRZU). Still small in stature, though not in potential for big gains, BRZU, the triple-leveraged answer to EWZ, saw its volume increase almost 47% over the trailing 20-day average for the five days ended Wednesday, according to Direxion data.
BRZU’s bearish equivalent, the Direxion Daily Brazil 3x Bear Shares (NYSEArca: BRZS), saw its volume climb nearly 21% for the week ended Aug. 27. BRZU has surged 39% since we highlighted the ETF in early April. [The Right Leveraged ETFs Right Now]
Market Vectors Brazil Small-Cap ETF