VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Shares Down 1.3% – Here’s Why

Shares of VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) dropped 1.3% during trading on Friday . The company traded as low as $16.19 and last traded at $16.19. Approximately 1,698 shares traded hands during trading, a decline of 78% from the average daily volume of 7,622 shares. The stock had previously closed at $16.40.

VanEck Brazil Small-Cap ETF Price Performance

The firm’s fifty day simple moving average is $16.94 and its 200 day simple moving average is $17.81. The company has a market capitalization of $21.86 million, a price-to-earnings ratio of 9.69 and a beta of 0.78.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in VanEck Brazil Small-Cap ETF during the 3rd quarter valued at $258,000. Citadel Advisors LLC purchased a new position in shares of VanEck Brazil Small-Cap ETF during the third quarter valued at $236,000. OLD Mission Capital LLC grew its holdings in shares of VanEck Brazil Small-Cap ETF by 21.5% during the fourth quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock valued at $1,211,000 after buying an additional 13,388 shares in the last quarter. Jane Street Group LLC acquired a new position in VanEck Brazil Small-Cap ETF during the fourth quarter valued at $170,000. Finally, LPL Financial LLC raised its position in VanEck Brazil Small-Cap ETF by 5.1% during the fourth quarter. LPL Financial LLC now owns 45,138 shares of the company’s stock valued at $724,000 after buying an additional 2,200 shares during the period.

VanEck Brazil Small-Cap ETF Company Profile

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.