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The Screen · Financials

Direxion Daily Brazil Bull 2X ETF

BRZU · NYSE ARCA · USD

The index measures the performance of the large- and mid-capitalization segments of the Brazilian equity market, covering approximately 85% of the free float-adjusted market capitalization of Brazilian issuers.

FAIL · Does not pass the screen

129.12 USD

Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 5 days ago

Screened 2026-10-23 · the tape above runs as of 20:04 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed

Key facts today

Price129.12 USD at the 23 Oct 2026 close
Ethical screenDoes not pass
OptionsOpen interest leans to puts (put/call 3.78)
Last reviewed23 Oct 2026 (5 days ago)

A summary of the dated readings below, not a live quote and not advice.

PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y

What this means: price 129.12 against the desk's fair-value range, over the last year.

Current read

Markup ?

Screened · screened 2026-10-23

Trend Markup
Insiders no filings inside 60 days, left as found
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 3.78, read 2026-10-25
Ethical does not pass the values gate

Price129.12 USD

Ethical score30.0/100

Our investment reviews on this name

2026-10-02Read Markup105.72+22.1% to today ✓Distribution gives way to Markup after an 18% rise in 13 weeks

2026-07-02Read Distribution89.50+44.3% to today First review on file: Distribution

Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.

Daily reads →Latest news →The method →Compare →

The full research record, in depth, below

The Label · The Season, Not the Day

This name holds its markup label.

Direxion Daily Brazil Bull 2X ETF holds its Markup at $129.12. The statistical read favours the buyers, held for 12 days.

As held on the ledger · 2026-10-23
Phase	Markup
Quantitative state	The statistical read favours the buyers, held for 12 days
Price at the screen	$129.12
Valuation	10.65 trailing · N/A forward price to earnings
Values screen	FAIL · score 30.0

The Workings

Five Screens, Shown in Full

Does not pass. Financial sector: Financial

Test	Figure	Limit	What it means	Status
Business activity	Excluded	Core business clean	Financial sector: Financial	Fail
Debt load	Excluded	Below 33%	Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.	Fail
Interest-bearing cash	Excluded	Below 33%	Interest-bearing cash and securities are of assets, above the one-third limit.	Fail
Receivables	Excluded	Below 49%	Money owed to the company is of assets, above the 49% limit.	Fail
Revenue purity	Excluded	Below 5%	of revenue comes from non-compliant sources, over the 5% line.	Fail

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

The Ethical Read

Why It Falls Short, in Plain English

Direxion Daily Brazil Bull 2X ETF does not clear the screen at the business-activity stage. It operates in conventional financial services, which the screen treats as interest-based, so the financial ratios are not the deciding factor here.

Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.

Follow this verdict

Get an email when BRZU's ethical verdict changes

Today BRZU does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.

Free, no account needed. Every email has a link to stop.

The Business, in Plain Words

The fundamentals · plain-English read
Trailing P/E	10.6xreasonably valued
Dividend yield	221.00%
52-week range	54.07 - 133.04

The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

BRZU trades on NYSE ARCA. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

How This Name Scores

Hover or tap a segment

Select a segment to see its figure and the plain-English reason.

StrongFormingWeakQuietNot applicableNo data

Pale means near the threshold. Deep means far from it.

The values screen1 strong, 1 weak, 4 no data

The business4 no data

The market1 strong, 1 weak, 1 quiet, 1 not applicable

Values screen as of 23 Oct 2026 · Business figures as of 21 Sep 2026 · Market as of 27 Oct 2026

Each segment is one read of this name, drawn as found. Quiet (pale blue) means we looked and nothing was filed in 60 days: a real reading, scored neutral. Flat grey means the read does not apply to this name. Hatched grey means data we have not collected yet, never a guess.

Options Positioning

As of 25 Oct 2026 · 20 Nov expiry (26 days)

Spot129.12

Max pain125

Implied range to 20 Nov: 83.59 to 174.65

Put/call (OI)3.78Put-heavy

Implied vol (ATM)132.1%to 20 Nov

What it meansPut open interest is heavy versus calls (3.78), which usually reflects hedging or caution.

Positioning from listed options, as of 25 Oct. Context, not a signal. Not advice.

The Scores, As Computed

30.0Ethical score
all five screens, weighted
40.0Quality score
margins, returns, moat
33.0Valuation score
price against the range
25.2Combined
screen of 2026-10-23

The Trader Read

The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 26% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%. Entered 2026-10-28 · Markup

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-10-28 Markup $123.23 +0.0% Entry 9

2026-10-21 Markup $123.23 -8.9% Entry 8

The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 8.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-10-14 Markup $135.33 +28.0% Entry 7

The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 28.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-10-02 Markup · changed $105.72 +18.1% Entry 6

The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 18.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-08-23 Distribution $89.50 +0.0% Entry 5

Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-23 Distribution $89.50 +0.0% Entry 4

Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-18 Distribution $89.50 +0.0% Entry 3

Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 47%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-03 Distribution $89.50 +0.0% Entry 2

2026-07-02 Distribution $89.50 Entry 1

Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What Holding Actually Paid · Price Plus Dividends

If $1,000 had been placed · historical, not a promise
Period	Price then	Price return	Divs per share	$1,000 became	Total return
1 month	$111.77	-24.3%	·	$757	-24.3%
2 months	$128.84	-34.3%	·	$657	-34.3%
3 months	$99.86	-15.2%	$0.25	$850	-15.0%
6 months	$81.04	+4.5%	$1.34	$1,061	+6.1%
1 year	$57.75	+46.6%	$2.12	$1,502	+50.2%
2 years	$59.91	+41.3%	$5.44	$1,504	+50.4%
3 years	$75.78	+11.7%	$8.97	$1,235	+23.5%
5 years	$105.33	-19.6%	$16.50	$960	-4.0%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever BRZU does next, these words stay.

Direxion Daily Brazil Bull 2X ETF · BRZU · Markup · $129.12
Recorded 2026-10-23 · before the outcome · scored mechanically

All of today's entries → See the running score →

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Screening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.