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 large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,030,000 shares, an increase of 123.6% from the September 30th total of 460,700 shares. Based on an average trading volume of 269,800 shares, the short-interest ratio is presently 3.8 days. Currently, 7.3% of the shares of the company are sold short. Currently, 7.3% of the shares of the company are sold short. Based on an average trading volume of 269,800 shares, the short-interest ratio is presently 3.8 days.

iShares MSCI Brazil Small-Cap ETF Stock Performance

Shares of NASDAQ EWZS opened at $13.65 on Friday. iShares MSCI Brazil Small-Cap ETF has a 12 month low of $9.11 and a 12 month high of $14.45. The company has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $12.78. The stock has a market cap of $193.15 million, a price-to-earnings ratio of 10.78 and a beta of 1.01.

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

Several large investors have recently made changes to their positions in EWZS. Black Swift Group LLC acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 2nd quarter valued at $4,230,000. Primoris Wealth Advisors LLC acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 2nd quarter valued at $1,402,000. Perigon Wealth Management LLC acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 2nd quarter valued at $813,000. Ameriprise Financial Inc. acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 2nd quarter valued at $719,000. Finally, Mount Lucas Management LP acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 1st quarter valued at $538,000.

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.