iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Short Interest Down 34.3% in March

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 421,905 shares, a decline of 34.3% from the February 26th total of 642,479 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 324,768 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EWZS. Jane Street Group LLC increased its stake in iShares MSCI Brazil Small-Cap ETF by 113.9% during the fourth quarter. Jane Street Group LLC now owns 468,095 shares of the company’s stock valued at $6,053,000 after purchasing an additional 249,261 shares during the last quarter. RPg Family Wealth Advisory LLC raised its stake in iShares MSCI Brazil Small-Cap ETF by 6.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 178,515 shares of the company’s stock worth $2,324,000 after acquiring an additional 10,459 shares during the period. Bank of Nova Scotia increased its position in iShares MSCI Brazil Small-Cap ETF by 112.3% in the fourth quarter. Bank of Nova Scotia now owns 123,832 shares of the company’s stock worth $1,613,000 after buying an additional 65,500 shares during the period. Bank of America Corp DE lifted its stake in iShares MSCI Brazil Small-Cap ETF by 556.6% in the third quarter. Bank of America Corp DE now owns 94,767 shares of the company’s stock valued at $1,317,000 after buying an additional 80,333 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in shares of iShares MSCI Brazil Small-Cap ETF during the fourth quarter valued at $1,182,000.

iShares MSCI Brazil Small-Cap ETF Price Performance

EWZS stock traded down $0.08 during trading on Friday, reaching $13.84. 141,990 shares of the stock traded hands, compared to its average volume of 574,844. The business’s 50 day moving average price is $14.70 and its 200-day moving average price is $13.95. The firm has a market capitalization of $203.45 million, a PE ratio of 10.78 and a beta of 1.01. iShares MSCI Brazil Small-Cap ETF has a 52-week low of $9.81 and a 52-week high of $16.02.

iShares MSCI Brazil Small-Cap ETF Cuts Dividend

The company also recently announced a special dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a $0.0899 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 138.0%.

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.