Short Interest in iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Rises By 112.6%

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 705,501 shares, a growth of 112.6% from the August 15th total of 331,786 shares. Based on an average daily volume of 201,633 shares, the days-to-cover ratio is currently 3.5 days. Approximately 4.1% of the shares of the stock are sold short.

iShares MSCI Brazil Small-Cap ETF Price Performance

Shares of EWZS stock traded down $0.06 during trading hours on Tuesday, hitting $13.10. The stock had a trading volume of 54,065 shares, compared to its average volume of 428,030. The stock’s 50-day moving average price is $12.92 and its two-hundred day moving average price is $13.80. iShares MSCI Brazil Small-Cap ETF has a one year low of $11.70 and a one year high of $16.46. The stock has a market capitalization of $239.73 million, a price-to-earnings ratio of 10.78 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Risk Paradigm Group LLC increased its stake in iShares MSCI Brazil Small-Cap ETF by 10.5% in the second quarter. Risk Paradigm Group LLC now owns 235,728 shares of the company’s stock worth $3,060,000 after purchasing an additional 22,438 shares during the period. RPg Family Wealth Advisory LLC raised its holdings in shares of iShares MSCI Brazil Small-Cap ETF by 10.5% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 235,728 shares of the company’s stock valued at $3,060,000 after purchasing an additional 22,438 shares in the last quarter. Bank of Nova Scotia lifted its holdings in iShares MSCI Brazil Small-Cap ETF by 12.1% during the first quarter. Bank of Nova Scotia now owns 138,832 shares of the company’s stock worth $2,056,000 after buying an additional 15,000 shares during the period. Sankala Group LLC purchased a new stake in shares of iShares MSCI Brazil Small-Cap ETF during the 4th quarter worth $1,182,000. Finally, Bank of America Corp DE lifted its position in shares of iShares MSCI Brazil Small-Cap ETF by 54.9% during the first quarter. Bank of America Corp DE now owns 38,059 shares of the company’s stock valued at $564,000 after buying an additional 13,496 shares during the last quarter.

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.