iShares MSCI Brazil ETF (NYSEARCA:EWZ – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 56,434,805 shares, an increase of 61.1% from the August 31st total of 35,037,153 shares. Based on an average daily trading volume, of 27,219,618 shares, the short-interest ratio is currently 2.1 days. Approximately 24.6% of the shares of the stock are short sold.
iShares MSCI Brazil ETF Stock Up 2.1%
Shares of EWZ stock traded up $0.78 on Wednesday, reaching $37.25. The company’s stock had a trading volume of 31,085,179 shares, compared to its average volume of 29,068,947. The company has a market capitalization of $8.60 billion, a P/E ratio of 9.58 and a beta of 0.62. The stock’s 50 day simple moving average is $36.30 and its 200-day simple moving average is $36.63. iShares MSCI Brazil ETF has a 12-month low of $28.66 and a 12-month high of $42.02.
Institutional Investors Weigh In On iShares MSCI Brazil ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of EWZ. Continuum Advisory LLC bought a new stake in shares of iShares MSCI Brazil ETF in the 2nd quarter worth about $25,000. XP Advisory US Inc. bought a new position in iShares MSCI Brazil ETF during the 2nd quarter valued at about $33,000. Highland Investment Advisors LLC purchased a new stake in iShares MSCI Brazil ETF in the 2nd quarter worth about $46,000. Timbuktu Capital Management LLC purchased a new stake in iShares MSCI Brazil ETF in the 2nd quarter worth about $79,000. Finally, Parallel Advisors LLC lifted its stake in iShares MSCI Brazil ETF by 22.4% in the first quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.
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.
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