Short Interest in iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Expands By 112.6%
by Renee Jackson · The Cerbat GemiShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 705,501 shares, a growth of 112.6% from the August 15th total of 331,786 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average trading volume of 201,633 shares, the short-interest ratio is presently 3.5 days.
iShares MSCI Brazil Small-Cap ETF Stock Down 0.5%
Shares of iShares MSCI Brazil Small-Cap ETF stock opened at $13.10 on Wednesday. iShares MSCI Brazil Small-Cap ETF has a twelve month low of $11.70 and a twelve month high of $16.46. The company has a market cap of $239.73 million, a price-to-earnings ratio of 10.78 and a beta of 0.76. The company’s 50 day moving average is $12.92 and its 200 day moving average is $13.78.
Hedge Funds Weigh In On iShares MSCI Brazil Small-Cap ETF
Institutional investors and hedge funds have recently modified their holdings of the company. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Brazil Small-Cap ETF in the first quarter worth about $54,000. Group One Trading LLC purchased a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the 1st quarter valued at about $104,000. Mraz Amerine & Associates Inc. purchased a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the 2nd quarter valued at about $434,000. Bank of America Corp DE lifted its stake in shares of iShares MSCI Brazil Small-Cap ETF by 54.9% in the 1st quarter. Bank of America Corp DE now owns 38,059 shares of the company’s stock worth $564,000 after purchasing an additional 13,496 shares during the period. Finally, Sankala Group LLC purchased a new position in shares of iShares MSCI Brazil Small-Cap ETF in the fourth quarter worth approximately $1,182,000.
iShares MSCI Brazil Small-Cap ETF Company Profile
iShares MSCI Brazil Small-Cap ETF, formerly iShares MSCI Brazil Small Cap Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Brazil Small Cap Index (the Underlying Index). The Underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of equity securities listed on stock exchanges in Brazil.