Short Interest in VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Rises By 219.7%

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 17,213 shares, an increase of 219.7% from the January 15th total of 5,384 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 10,033 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 10,033 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.3% of the company’s shares are sold short.

VanEck Brazil Small-Cap ETF Trading Down 2.6%

VanEck Brazil Small-Cap ETF stock traded down $0.50 during mid-day trading on Thursday, hitting $18.79. The company’s stock had a trading volume of 19,149 shares, compared to its average volume of 7,402. The firm has a market capitalization of $25.37 million, a PE ratio of 9.69 and a beta of 1.01. VanEck Brazil Small-Cap ETF has a 1 year low of $11.50 and a 1 year high of $19.49. The stock’s fifty day moving average is $17.25 and its two-hundred day moving average is $16.37.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in VanEck Brazil Small-Cap ETF in the 4th quarter valued at about $170,000. Citadel Advisors LLC acquired a new stake in shares of VanEck Brazil Small-Cap ETF during the third quarter valued at about $236,000. Susquehanna International Group LLP purchased a new stake in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter valued at approximately $258,000. Gould Asset Management LLC CA raised its stake in shares of VanEck Brazil Small-Cap ETF by 6.0% in the 2nd quarter. Gould Asset Management LLC CA now owns 19,815 shares of the company’s stock valued at $305,000 after acquiring an additional 1,125 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of VanEck Brazil Small-Cap ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 45,138 shares of the company’s stock worth $724,000 after acquiring an additional 2,200 shares during the last quarter.

About VanEck Brazil Small-Cap ETF

Market Vectors Brazil Small-Cap ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Market Vectors Brazil Small-Cap Index (the Index). The Index is a rules-based, modified market capitalization-weighted, float-adjusted index consisting of publicly traded small-capitalization companies that are domiciled and primarily listed on an exchange in Brazil, or that generate at least 50% of their revenues in Brazil. The Index is the exclusive property of 4asset-management GmbH, which has contracted with Standard & Poor’s, a division of The McGraw-Hill Companies, Inc to maintain and calculate the Index.