VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Sees Significant Decline in Short Interest

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,858 shares, a decrease of 70.4% from the May 14th total of 9,670 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,289 shares, the days-to-cover ratio is presently 0.7 days.

VanEck Brazil Small-Cap ETF Stock Performance

BRF traded up $0.12 during trading hours on Thursday, reaching $16.63. The company’s stock had a trading volume of 515 shares, compared to its average volume of 8,290. VanEck Brazil Small-Cap ETF has a 52 week low of $14.03 and a 52 week high of $20.44. The company’s 50-day moving average is $18.39 and its 200-day moving average is $17.88. The firm has a market cap of $22.45 million, a PE ratio of 9.69 and a beta of 0.77.

Institutional Investors Weigh In On VanEck Brazil Small-Cap ETF

A number of large investors have recently added to or reduced their stakes in BRF. Jane Street Group LLC bought a new position in VanEck Brazil Small-Cap ETF during the 4th quarter worth $170,000. Citadel Advisors LLC bought a new position in VanEck Brazil Small-Cap ETF during the 3rd quarter worth $236,000. Susquehanna International Group LLP bought a new position in VanEck Brazil Small-Cap ETF during the 3rd quarter worth $258,000. Gould Asset Management LLC CA increased its position in VanEck Brazil Small-Cap ETF by 4.7% during the 1st quarter. Gould Asset Management LLC CA now owns 22,125 shares of the company’s stock worth $405,000 after buying an additional 985 shares during the period. Finally, LPL Financial LLC increased its position in VanEck Brazil Small-Cap ETF by 5.1% during the 4th quarter. LPL Financial LLC now owns 45,138 shares of the company’s stock worth $724,000 after buying an additional 2,200 shares during the period.

VanEck Brazil Small-Cap ETF Company Profile

Market Vectors Brazil Small-Cap ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the Market Vectors Brazil Small-Cap Index (the Index). The Index is a rules-based, modified market capitalization-weighted, float-adjusted index consisting of publicly traded small-capitalization companies that are domiciled and primarily listed on an exchange in Brazil, or that generate at least 50% of their revenues in Brazil. The Index is the exclusive property of 4asset-management GmbH, which has contracted with Standard & Poor’s, a division of The McGraw-Hill Companies, Inc to maintain and calculate the Index.