iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Sees Significant Growth in Short Interest

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 705,501 shares, a growth of 112.6% from the August 15th total of 331,786 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily volume of 201,633 shares, the days-to-cover ratio is presently 3.5 days.

iShares MSCI Brazil Small-Cap ETF Price Performance

EWZS traded down $0.20 on Monday, reaching $13.16. 282,531 shares of the company traded hands, compared to its average volume of 429,898. The stock’s 50 day moving average price is $12.91 and its 200-day moving average price is $13.82. iShares MSCI Brazil Small-Cap ETF has a 52-week low of $11.70 and a 52-week high of $16.46. The company has a market cap of $227.10 million, a price-to-earnings ratio of 10.78 and a beta of 0.76.

Institutional Investors Weigh In On iShares MSCI Brazil Small-Cap ETF

Institutional investors have recently modified their holdings of the stock. Mraz Amerine & Associates Inc. purchased a new position in shares of iShares MSCI Brazil Small-Cap ETF during the 2nd quarter valued at $434,000. RPg Family Wealth Advisory LLC boosted its position in iShares MSCI Brazil Small-Cap ETF by 10.5% during the second quarter. RPg Family Wealth Advisory LLC now owns 235,728 shares of the company’s stock valued at $3,060,000 after purchasing an additional 22,438 shares during the last quarter. Risk Paradigm Group LLC boosted its position in iShares MSCI Brazil Small-Cap ETF by 10.5% during the second quarter. Risk Paradigm Group LLC now owns 235,728 shares of the company’s stock valued at $3,060,000 after purchasing an additional 22,438 shares during the last quarter. Bank of America Corp DE boosted its position in iShares MSCI Brazil Small-Cap ETF by 54.9% during the first quarter. Bank of America Corp DE now owns 38,059 shares of the company’s stock valued at $564,000 after purchasing an additional 13,496 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in iShares MSCI Brazil Small-Cap ETF by 12.1% in the first quarter. Bank of Nova Scotia now owns 138,832 shares of the company’s stock valued at $2,056,000 after purchasing an additional 15,000 shares in the last quarter.

iShares MSCI Brazil Small-Cap ETF Company Profile

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.