iShares MSCI Brazil Index (EWZ) Sees Significant Decline in Short Interest
iShares MSCI Brazil Index (NYSEARCA:EWZ) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 25,458,438 shares, a drop of 20.0% from the November 30th total of 31,811,328 shares. Based on an average daily trading volume, of 21,353,204 shares, the days-to-cover ratio is currently 1.2 days.
Shares of iShares MSCI Brazil Index (NYSEARCA EWZ) opened at $42.84 on Friday. The company has a market cap of $8,120.00 and a price-to-earnings ratio of -5.95. iShares MSCI Brazil Index has a 52-week low of $31.78 and a 52-week high of $44.03.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were issued a dividend of $0.0504 per share. This represents a yield of 0.25%. The ex-dividend date of this dividend was Thursday, December 28th. iShares MSCI Brazil Index’s payout ratio is -9.58%.
A number of institutional investors and hedge funds have recently bought and sold shares of EWZ. Turim 21 Investimentos Ltda. purchased a new position in iShares MSCI Brazil Index during the third quarter valued at $211,867,000. JPMorgan Chase & Co. lifted its holdings in iShares MSCI Brazil Index by 588.6% during the third quarter. JPMorgan Chase & Co. now owns 5,897,355 shares of the exchange traded fund’s stock valued at $241,616,000 after purchasing an additional 5,040,877 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new position in iShares MSCI Brazil Index during the third quarter valued at $101,223,000. Rafferty Asset Management LLC lifted its holdings in iShares MSCI Brazil Index by 123.2% during the second quarter. Rafferty Asset Management LLC now owns 2,420,729 shares of the exchange traded fund’s stock valued at $82,644,000 after purchasing an additional 1,336,073 shares in the last quarter. Finally, Progeny 3 Inc. lifted its holdings in iShares MSCI Brazil Index by 139.5% during the second quarter. Progeny 3 Inc. now owns 687,360 shares of the exchange traded fund’s stock valued at $10,633,000 after purchasing an additional 400,390 shares in the last quarter.
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iShares MSCI Brazil Index 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).
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