VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Short Interest Down 61.0% in March

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,659 shares, a decline of 61.0% from the February 26th total of 6,814 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 7,982 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Brazil Small-Cap ETF Stock Performance

NYSEARCA BRF traded down $0.26 during trading hours on Friday, hitting $17.32. 11,952 shares of the company traded hands, compared to its average volume of 8,348. The business’s 50-day moving average is $18.33 and its 200-day moving average is $17.09. VanEck Brazil Small-Cap ETF has a twelve month low of $11.50 and a twelve month high of $19.72. The stock has a market capitalization of $23.38 million, a price-to-earnings ratio of 9.69 and a beta of 1.01.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter valued at about $258,000. Citadel Advisors LLC acquired a new position in shares of VanEck Brazil Small-Cap ETF during the 3rd quarter worth about $236,000. OLD Mission Capital LLC raised its holdings in shares of VanEck Brazil Small-Cap ETF by 21.5% in the 4th quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock valued at $1,211,000 after purchasing an additional 13,388 shares during the period. Jane Street Group LLC acquired a new stake in VanEck Brazil Small-Cap ETF in the 4th quarter valued at about $170,000. Finally, LPL Financial LLC lifted its stake in 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 valued at $724,000 after purchasing 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.