iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Sees Large Increase in Short Interest

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 24,100 shares, an increase of 826.9% from the February 29th total of 2,600 shares. Based on an average trading volume of 574,800 shares, the short-interest ratio is presently 0.0 days.

iShares MSCI Brazil Small-Cap ETF Price Performance

Shares of EWZS stock traded up $0.05 on Wednesday, hitting $14.53. 18,842 shares of the stock traded hands, compared to its average volume of 567,532. The company has a market capitalization of $259.36 million, a PE ratio of 6.33 and a beta of 1.10. iShares MSCI Brazil Small-Cap ETF has a 1-year low of $11.23 and a 1-year high of $15.62. The company’s fifty day moving average is $14.08 and its 200 day moving average is $13.93.

Institutional Investors Weigh In On iShares MSCI Brazil Small-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in iShares MSCI Brazil Small-Cap ETF in the first quarter worth $53,000. Royal Bank of Canada increased its position in iShares MSCI Brazil Small-Cap ETF by 14.8% in the first quarter. Royal Bank of Canada now owns 6,890 shares of the company’s stock worth $117,000 after buying an additional 890 shares during the period. Jane Street Group LLC increased its position in iShares MSCI Brazil Small-Cap ETF by 580.4% in the first quarter. Jane Street Group LLC now owns 165,207 shares of the company’s stock worth $2,805,000 after buying an additional 140,926 shares during the period. Bank of America Corp DE increased its position in iShares MSCI Brazil Small-Cap ETF by 1,273.3% in the first quarter. Bank of America Corp DE now owns 45,895 shares of the company’s stock worth $780,000 after buying an additional 42,553 shares during the period. Finally, Citadel Advisors LLC increased its position in iShares MSCI Brazil Small-Cap ETF by 535.0% in the second quarter. Citadel Advisors LLC now owns 81,260 shares of the company’s stock worth $956,000 after buying an additional 68,463 shares during the period.

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.