iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Sees Significant Increase 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 March. As of March 15th, there was short interest totalling 24,100 shares, an increase of 826.9% from the February 29th total of 2,600 shares. Based on an average daily trading volume, of 574,800 shares, the days-to-cover ratio is currently 0.0 days.

iShares MSCI Brazil Small-Cap ETF Stock Performance

Shares of NASDAQ:EWZS opened at $14.63 on Thursday. iShares MSCI Brazil Small-Cap ETF has a one year low of $11.23 and a one year high of $15.62. The business’s 50-day simple moving average is $14.09 and its 200 day simple moving average is $13.93. The company has a market cap of $261.15 million, a P/E ratio of 6.33 and a beta of 1.10.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF in the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. acquired a new position in iShares MSCI Brazil Small-Cap ETF during the 4th quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in iShares MSCI Brazil Small-Cap ETF during the 4th quarter valued at approximately $42,000. UBS Group AG boosted its position in iShares MSCI Brazil Small-Cap ETF by 457.2% during the 3rd quarter. UBS Group AG now owns 5,505 shares of the company’s stock valued at $71,000 after purchasing an additional 4,517 shares during the period. Finally, Royal Bank of Canada boosted its position in iShares MSCI Brazil Small-Cap ETF by 14.8% during the 1st quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock worth $117,000 after acquiring an additional 890 shares during the period.

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.