Short Interest in iShares MSCI Brazil ETF (NYSEARCA:EWZ) Drops By 38.9%

by · The Cerbat Gem

iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 46,142,847 shares, a drop of 38.9% from the April 15th total of 75,496,379 shares. Based on an average daily volume of 26,797,853 shares, the short-interest ratio is presently 1.7 days. Currently, 15.8% of the shares of the stock are sold short.

iShares MSCI Brazil ETF Trading Down 2.4%

EWZ traded down $0.90 during trading on Friday, hitting $36.23. The company’s stock had a trading volume of 36,370,353 shares, compared to its average volume of 35,512,457. iShares MSCI Brazil ETF has a twelve month low of $26.30 and a twelve month high of $42.02. The business’s fifty day simple moving average is $38.46 and its 200 day simple moving average is $35.78. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65.

Institutional Trading of iShares MSCI Brazil ETF

Institutional investors have recently bought and sold shares of the business. Truxt Investmentos Ltda. acquired a new stake in iShares MSCI Brazil ETF in the third quarter valued at approximately $25,000. Ameriflex Group Inc. grew its holdings in iShares MSCI Brazil ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 440 shares during the period. NewEdge Advisors LLC boosted its stake in shares of iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,500 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares MSCI Brazil ETF by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of iShares MSCI Brazil ETF by 205.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,230 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 1,500 shares during the last quarter. 72.69% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Brazil ETF

(Get Free Report)

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.

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