Short Interest in iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Expands By 42.2%

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the recipient of a large growth in short interest in the month of 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 trading volume, of 241,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.6% of the company’s shares are sold short.

iShares MSCI Brazil Small-Cap ETF Trading Up 0.3 %

EWZS traded up $0.03 during mid-day trading on Tuesday, hitting $10.80. 24,404 shares of the stock were exchanged, compared to its average volume of 295,280. The firm’s fifty day moving average is $10.54 and its two-hundred day moving average is $10.95. iShares MSCI Brazil Small-Cap ETF has a 1-year low of $9.11 and a 1-year high of $14.65. The company has a market cap of $120.95 million, a PE ratio of 9.76 and a beta of 1.10.

Institutional Investors Weigh In On iShares MSCI Brazil Small-Cap ETF

Several large investors have recently added to or reduced their stakes in EWZS. Bank of America Corp DE boosted its holdings 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 valued at $1,527,000 after acquiring an additional 162,508 shares during the period. Jane Street Group LLC grew its holdings in shares of iShares MSCI Brazil Small-Cap ETF by 3,209.3% during the fourth quarter. Jane Street Group LLC now owns 1,169,789 shares of the company’s stock worth $10,821,000 after buying an additional 1,134,440 shares during the last quarter. Bank of Nova Scotia raised its stake 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 valued at $400,000 after acquiring an additional 9,650 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the fourth quarter worth $2,413,000. Finally, National Bank of Canada FI purchased a new position in iShares MSCI Brazil Small-Cap ETF during the 4th quarter worth $54,000.

iShares MSCI Brazil Small-Cap ETF Company Profile

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.