iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sees Large Increase in Short Interest

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 56,434,805 shares, an increase of 61.1% from the August 31st total of 35,037,153 shares. Currently, 24.6% of the shares of the stock are short sold. Based on an average daily volume of 27,219,618 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of iShares MSCI Brazil ETF

Hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in shares of iShares MSCI Brazil ETF during the second quarter valued at about $25,000. XP Advisory US Inc. acquired a new position in iShares MSCI Brazil ETF in the second quarter valued at approximately $33,000. Highland Investment Advisors LLC purchased a new position in shares of iShares MSCI Brazil ETF in the 2nd quarter valued at about $46,000. Timbuktu Capital Management LLC acquired a new stake in shares of iShares MSCI Brazil ETF in the second quarter valued at about $79,000. Finally, Parallel Advisors LLC raised its stake in iShares MSCI Brazil ETF by 22.4% in the 1st quarter. Parallel Advisors LLC now owns 2,511 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 459 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Brazil ETF Trading Down 0.3%

NYSEARCA:EWZ opened at $37.14 on Friday. The company has a market capitalization of $8.64 billion, a P/E ratio of 9.58 and a beta of 0.62. iShares MSCI Brazil ETF has a 12 month low of $28.66 and a 12 month high of $42.02. The business’s 50-day moving average is $36.33 and its 200 day moving average is $36.65.

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.