iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Sees Large Drop in Short Interest

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 339,099 shares, a decrease of 54.2% from the April 15th total of 739,860 shares. Based on an average trading volume of 387,985 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Brazil Small-Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management purchased a new stake in shares of iShares MSCI Brazil Small-Cap ETF in the third quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in iShares MSCI Brazil Small-Cap ETF during the second quarter worth about $47,000. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Brazil Small-Cap ETF during the first quarter worth about $54,000. Envestnet Asset Management Inc. lifted its position in iShares MSCI Brazil Small-Cap ETF by 30.1% during the third quarter. Envestnet Asset Management Inc. now owns 15,760 shares of the company’s stock worth $219,000 after buying an additional 3,642 shares during the period. Finally, Bank of Nova Scotia lifted its position in iShares MSCI Brazil Small-Cap ETF by 8.4% during the second quarter. Bank of Nova Scotia now owns 58,332 shares of the company’s stock worth $773,000 after buying an additional 4,500 shares during the period.

iShares MSCI Brazil Small-Cap ETF Trading Down 2.8%

Shares of NASDAQ:EWZS traded down $0.40 on Friday, hitting $13.90. The company had a trading volume of 143,324 shares, compared to its average volume of 598,649. iShares MSCI Brazil Small-Cap ETF has a 52-week low of $11.72 and a 52-week high of $16.46. The business has a 50 day moving average of $14.79 and a 200 day moving average of $14.31. The company has a market cap of $305.11 million, a PE ratio of 10.78 and a beta of 0.78.

About iShares MSCI Brazil Small-Cap ETF

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.