Global X Brazil Active ETF (NYSEARCA:BRAZ – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,665 shares, a growth of 88.6% from the May 31st total of 883 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,254 shares, the days-to-cover ratio is currently 1.3 days.
Hedge Funds Weigh In On Global X Brazil Active ETF
Several institutional investors have recently modified their holdings of BRAZ. Jane Street Group LLC grew its stake in Global X Brazil Active ETF by 10.9% during the 1st quarter. Jane Street Group LLC now owns 11,116 shares of the company’s stock worth $241,000 after purchasing an additional 1,089 shares in the last quarter. OLD Mission Capital LLC lifted its stake in Global X Brazil Active ETF by 85.7% in the fourth quarter. OLD Mission Capital LLC now owns 17,382 shares of the company’s stock worth $475,000 after acquiring an additional 8,023 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Global X Brazil Active ETF in the third quarter worth approximately $982,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Global X Brazil Active ETF during the 2nd quarter worth approximately $1,529,000.
Global X Brazil Active ETF Stock Performance
Shares of BRAZ traded down $0.25 during mid-day trading on Wednesday, hitting $29.03. 146 shares of the company’s stock were exchanged, compared to its average volume of 3,003. The stock’s 50-day moving average is $30.90 and its 200-day moving average is $31.03. Global X Brazil Active ETF has a fifty-two week low of $20.50 and a fifty-two week high of $35.79. The company has a market cap of $9.58 million, a price-to-earnings ratio of 10.11 and a beta of 0.39.
About Global X Brazil Active ETF
The Global X Brazil Active ETF (BRAZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Brazilian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. BRAZ was launched on Aug 16, 2023 and is issued by Global X.
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