Global X Brazil Active ETF (NYSEARCA:BRAZ) Sees Large Growth in Short Interest

Global X Brazil Active ETF (NYSEARCA:BRAZGet Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,665 shares, a growth of 88.6% from the May 31st total of 883 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,254 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Global X Brazil Active ETF

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in Global X Brazil Active ETF by 10.9% in the first quarter. Jane Street Group LLC now owns 11,116 shares of the company’s stock valued at $241,000 after acquiring an additional 1,089 shares during the period. OLD Mission Capital LLC lifted its holdings in Global X Brazil Active ETF by 85.7% in the 4th quarter. OLD Mission Capital LLC now owns 17,382 shares of the company’s stock valued at $475,000 after purchasing an additional 8,023 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Global X Brazil Active ETF during the third quarter worth about $982,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Global X Brazil Active ETF in the second quarter valued at approximately $1,529,000.

Global X Brazil Active ETF Price Performance

Shares of NYSEARCA BRAZ traded down $0.25 during midday trading on Wednesday, reaching $29.03. 146 shares of the stock traded hands, compared to its average volume of 3,003. The company’s 50 day moving average is $30.90 and its 200 day moving average is $31.03. Global X Brazil Active ETF has a one year low of $20.50 and a one year high of $35.79. The stock has a market capitalization of $9.58 million, a PE ratio of 10.11 and a beta of 0.39.

Global X Brazil Active ETF Company Profile

(Get Free Report)

The Global X Brazil Active ETF (BRAZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Brazilian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. BRAZ was launched on Aug 16, 2023 and is issued by Global X.

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