Short Interest in iShares MSCI Brazil ETF (NYSEARCA:EWZ) Grows By 31.6%

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 73,233,927 shares, a growth of 31.6% from the January 15th total of 55,648,254 shares. Currently, 31.0% of the company’s stock are short sold. Based on an average daily volume of 51,386,541 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 51,386,541 shares, the days-to-cover ratio is currently 1.4 days. Currently, 31.0% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWZ. Phoenix Financial Ltd. grew its holdings in iShares MSCI Brazil ETF by 276.2% during the second quarter. Phoenix Financial Ltd. now owns 6,609,000 shares of the exchange traded fund’s stock worth $190,670,000 after purchasing an additional 4,852,250 shares during the period. MKP Capital Management L.L.C. increased its holdings in shares of iShares MSCI Brazil ETF by 3.0% during the 4th quarter. MKP Capital Management L.L.C. now owns 2,286,900 shares of the exchange traded fund’s stock worth $72,655,000 after acquiring an additional 66,900 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares MSCI Brazil ETF by 71.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110,619 shares of the exchange traded fund’s stock valued at $65,429,000 after acquiring an additional 879,500 shares during the period. Nan Fung Trinity HK Ltd. lifted its holdings in iShares MSCI Brazil ETF by 136.7% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 2,005,000 shares of the exchange traded fund’s stock valued at $62,155,000 after purchasing an additional 1,157,900 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in iShares MSCI Brazil ETF by 20.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,860,351 shares of the exchange traded fund’s stock worth $57,333,000 after purchasing an additional 319,444 shares during the period. 72.69% of the stock is owned by institutional investors.

iShares MSCI Brazil ETF Stock Performance

EWZ traded down $0.56 during trading on Tuesday, reaching $37.50. 9,768,821 shares of the stock were exchanged, compared to its average volume of 38,868,598. The stock’s 50 day moving average price is $34.33 and its two-hundred day moving average price is $31.81. iShares MSCI Brazil ETF has a twelve month low of $23.05 and a twelve month high of $39.45. The stock has a market cap of $8.85 billion, a P/E ratio of 9.58 and a beta of 0.87.

About iShares MSCI Brazil ETF

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.