VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Short Interest Down 70.4% in May

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,858 shares, a decrease of 70.4% from the May 14th total of 9,670 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,289 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in VanEck Brazil Small-Cap ETF by 44.9% during the 2nd quarter. Jane Street Group LLC now owns 15,729 shares of the company’s stock worth $242,000 after acquiring an additional 4,873 shares during the period. Citadel Advisors LLC acquired a new position in VanEck Brazil Small-Cap ETF during the 3rd quarter worth $236,000. Susquehanna International Group LLP acquired a new position in VanEck Brazil Small-Cap ETF during the 3rd quarter worth $258,000. LPL Financial LLC boosted its position in VanEck Brazil Small-Cap ETF by 5.1% during 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 period. Finally, OLD Mission Capital LLC boosted its position in VanEck Brazil Small-Cap ETF by 21.5% during the 4th quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock worth $1,211,000 after acquiring an additional 13,388 shares during the period.

VanEck Brazil Small-Cap ETF Trading Up 0.9%

BRF traded up $0.15 during trading on Friday, reaching $17.28. 5,564 shares of the company were exchanged, compared to its average volume of 8,274. The stock has a market cap of $23.33 million, a P/E ratio of 9.69 and a beta of 0.77. The firm has a 50 day moving average of $18.34 and a 200 day moving average of $17.88. VanEck Brazil Small-Cap ETF has a 52 week low of $14.03 and a 52 week high of $20.44.

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.