iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sees Significant Growth in Short Interest

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 73,233,927 shares, a growth of 31.6% from the January 15th total of 55,648,254 shares. Based on an average daily trading volume, of 51,386,541 shares, the short-interest ratio is currently 1.4 days. Currently, 31.0% of the shares of the stock are short sold. Currently, 31.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,386,541 shares, the short-interest ratio is currently 1.4 days.

iShares MSCI Brazil ETF Trading Down 0.8%

Shares of NYSEARCA:EWZ opened at $37.74 on Wednesday. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a 12 month low of $23.05 and a 12 month high of $39.45. The company has a 50-day moving average price of $34.43 and a 200 day moving average price of $31.89.

Hedge Funds Weigh In On iShares MSCI Brazil ETF

Several large investors have recently modified their holdings of the stock. Truxt Investmentos Ltda. bought a new stake in iShares MSCI Brazil ETF in the third quarter worth $25,000. Ameriflex Group Inc. increased its position in iShares MSCI Brazil ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the last quarter. Aberdeen Wealth Management LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at $29,000. Private Trust Co. NA lifted its holdings in shares of iShares MSCI Brazil ETF by 114.4% in the 3rd quarter. Private Trust Co. NA now owns 1,072 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 572 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI Brazil ETF by 388.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,220 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 970 shares during the last quarter. Institutional investors own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

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.