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

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 175,800 shares, a growth of 42.2% from the February 28th total of 123,600 shares. Based on an average daily volume of 241,200 shares, the short-interest ratio is presently 0.7 days. Approximately 1.6% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI Brazil Small-Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWZS. National Bank of Canada FI acquired a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the fourth quarter worth about $54,000. Bank of Nova Scotia lifted its holdings in iShares MSCI Brazil Small-Cap ETF by 29.0% during the 4th quarter. Bank of Nova Scotia now owns 42,980 shares of the company’s stock worth $400,000 after buying an additional 9,650 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in iShares MSCI Brazil Small-Cap ETF by 2.7% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 120,398 shares of the company’s stock valued at $1,114,000 after buying an additional 3,111 shares during the period. Bank of America Corp DE grew its stake in shares of iShares MSCI Brazil Small-Cap ETF by 6,219.2% in the fourth quarter. Bank of America Corp DE now owns 165,121 shares of the company’s stock worth $1,527,000 after acquiring an additional 162,508 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the fourth quarter worth $2,413,000.

iShares MSCI Brazil Small-Cap ETF Stock Performance

Shares of NASDAQ EWZS traded down $0.13 during trading on Monday, reaching $10.81. The stock had a trading volume of 180,353 shares, compared to its average volume of 296,278. The company has a market cap of $121.07 million, a P/E ratio of 9.76 and a beta of 1.10. iShares MSCI Brazil Small-Cap ETF has a fifty-two week low of $9.11 and a fifty-two week high of $14.65. The business’s 50-day moving average price is $10.51 and its 200-day moving average price is $10.96.

About iShares MSCI Brazil Small-Cap ETF

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.