iShares MSCI Brazil ETF (NYSEARCA:EWZ) Short Interest Down 34.9% in October

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 35,510,000 shares, a drop of 34.9% from the September 30th total of 54,560,000 shares. Based on an average daily trading volume, of 26,582,900 shares, the short-interest ratio is presently 1.3 days. Currently, 18.4% of the company’s shares are sold short. Currently, 18.4% of the company’s shares are sold short. Based on an average daily trading volume, of 26,582,900 shares, the short-interest ratio is presently 1.3 days.

iShares MSCI Brazil ETF Stock Performance

EWZ traded up $0.35 during midday trading on Monday, reaching $31.52. 15,008,124 shares of the company were exchanged, compared to its average volume of 24,882,607. iShares MSCI Brazil ETF has a one year low of $22.26 and a one year high of $31.62. The stock has a market capitalization of $6.09 billion, a P/E ratio of 9.58 and a beta of 0.87. The stock’s 50-day simple moving average is $30.12 and its 200 day simple moving average is $28.49.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several institutional investors have recently modified their holdings of EWZ. Goldman Sachs Group Inc. lifted its holdings in shares of iShares MSCI Brazil ETF by 64.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,083,684 shares of the exchange traded fund’s stock valued at $545,013,000 after purchasing an additional 8,271,979 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of iShares MSCI Brazil ETF during the 1st quarter valued at about $156,653,000. Phoenix Financial Ltd. lifted its holdings in shares of iShares MSCI Brazil ETF by 276.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock valued at $190,670,000 after purchasing an additional 4,852,250 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of iShares MSCI Brazil ETF by 4,795.3% during the 1st quarter. Wellington Management Group LLP now owns 1,950,002 shares of the exchange traded fund’s stock valued at $50,408,000 after purchasing an additional 1,991,533 shares in the last quarter. Finally, Man Group plc lifted its holdings in shares of iShares MSCI Brazil ETF by 7,362.6% during the 2nd quarter. Man Group plc now owns 1,392,230 shares of the exchange traded fund’s stock valued at $40,166,000 after purchasing an additional 1,373,574 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

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).