VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Stock Price Up 3% – Here’s Why

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF – Get Free Report)’s stock price was up 3% during mid-day trading on Tuesday. The stock traded as high as $20.53 and last traded at $20.44. Approximately 34,640 shares were traded during trading, an increase of 360% from the average daily volume of 7,532 shares. The stock had previously closed at $19.84.

VanEck Brazil Small-Cap ETF Stock Performance

The stock has a market capitalization of $27.59 million, a price-to-earnings ratio of 9.69 and a beta of 0.75. The company has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $17.25.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

An institutional investor recently raised its position in VanEck Brazil Small-Cap ETF stock. Gould Asset Management LLC CA increased its stake in VanEck Brazil Small-Cap ETF (NYSEARCA:BRF – Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,125 shares of the company’s stock after acquiring an additional 985 shares during the quarter. Gould Asset Management LLC CA owned about 1.64% of VanEck Brazil Small-Cap ETF worth $405,000 at the end of the most recent reporting period.

VanEck Brazil Small-Cap ETF Company Profile

(Get Free Report)

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.

Further Reading

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