iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Trading Down 1% – Here’s Why

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS)’s share price dropped 1% on Tuesday . The company traded as low as $13.02 and last traded at $13.08. Approximately 76,859 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 459,187 shares. The stock had previously closed at $13.21.

iShares MSCI Brazil Small-Cap ETF Stock Down 1.0%

The firm has a market capitalization of $232.17 million, a PE ratio of 10.78 and a beta of 0.75. The business has a 50-day moving average price of $13.20 and a 200-day moving average price of $14.23.

iShares MSCI Brazil Small-Cap ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.1385 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Brazil Small-Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in iShares MSCI Brazil Small-Cap ETF by 113.9% during the fourth quarter. Jane Street Group LLC now owns 468,095 shares of the company’s stock worth $6,053,000 after purchasing an additional 249,261 shares in the last quarter. Sankala Group LLC acquired a new position in iShares MSCI Brazil Small-Cap ETF during the 4th quarter worth approximately $1,182,000. Bank of America Corp DE grew its stake in shares of iShares MSCI Brazil Small-Cap ETF by 556.6% during the third quarter. Bank of America Corp DE now owns 94,767 shares of the company’s stock worth $1,317,000 after purchasing an additional 80,333 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of iShares MSCI Brazil Small-Cap ETF by 112.3% during the 4th quarter. Bank of Nova Scotia now owns 123,832 shares of the company’s stock worth $1,613,000 after acquiring an additional 65,500 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in iShares MSCI Brazil Small-Cap ETF during the second quarter worth approximately $719,000.

About iShares MSCI Brazil Small-Cap ETF

iShares MSCI Brazil Small-Cap ETF, formerly iShares MSCI Brazil Small Cap Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Brazil Small Cap Index (the Underlying Index). The Underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of equity securities listed on stock exchanges in Brazil.