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

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

Institutional Trading of iShares MSCI Brazil ETF

A number of institutional investors have recently made changes to their positions in EWZ. Truxt Investmentos Ltda. acquired a new stake in shares of iShares MSCI Brazil ETF in the third quarter worth approximately $25,000. Ameriflex Group Inc. raised its holdings in iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares during the last quarter. Parallel Advisors LLC raised its holdings in iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 293 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in iShares MSCI Brazil ETF by 205.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,230 shares of the exchange traded fund’s stock valued at $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.

iShares MSCI Brazil ETF Stock Performance

Shares of NYSEARCA:EWZ traded down $0.90 during trading on Friday, reaching $36.23. The stock had a trading volume of 36,370,353 shares, compared to its average volume of 35,512,457. The business has a fifty day moving average price of $38.46 and a 200-day moving average price of $35.78. The stock has a market cap of $10.57 billion, a PE ratio of 9.58 and a beta of 0.65. iShares MSCI Brazil ETF has a 1-year low of $26.30 and a 1-year high of $42.02.

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). 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.