VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Shares Down 0.1% – Here’s Why

Shares of VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) fell 0.1% during trading on Friday . The company traded as low as $16.67 and last traded at $16.83. Approximately 1,996 shares changed hands during trading, a decline of 72% from the average session volume of 7,186 shares. The stock had previously closed at $16.84.

VanEck Brazil Small-Cap ETF Price Performance

The firm’s fifty day simple moving average is $16.02 and its 200 day simple moving average is $17.37. The company has a market capitalization of $22.72 million, a price-to-earnings ratio of 9.69 and a beta of 0.79.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRF. OLD Mission Capital LLC lifted its holdings in shares of VanEck Brazil Small-Cap ETF by 21.5% in the fourth quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock valued at $1,211,000 after purchasing an additional 13,388 shares in the last quarter. LPL Financial LLC grew its holdings in shares of VanEck Brazil Small-Cap ETF by 5.1% during the fourth quarter. LPL Financial LLC now owns 45,138 shares of the company’s stock valued at $724,000 after buying an additional 2,200 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of VanEck Brazil Small-Cap ETF during the second quarter valued at $483,000. Gould Asset Management LLC CA raised its position in VanEck Brazil Small-Cap ETF by 4.7% during the first quarter. Gould Asset Management LLC CA now owns 22,125 shares of the company’s stock valued at $405,000 after buying an additional 985 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in VanEck Brazil Small-Cap ETF during the third quarter valued at $258,000.

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.