Global X Brazil Active ETF (NYSEARCA:BRAZ) Sees Significant Increase in Short Interest

Global X Brazil Active ETF (NYSEARCA:BRAZ) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 9,517 shares, an increase of 324.7% from the October 15th total of 2,241 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 5,936 shares, the days-to-cover ratio is presently 1.6 days.

Global X Brazil Active ETF Trading Up 1.8%

Shares of NYSEARCA:BRAZ traded up $0.49 during trading on Friday, reaching $27.54. 270 shares of the company traded hands, compared to its average volume of 2,325. Global X Brazil Active ETF has a 52-week low of $26.19 and a 52-week high of $38.03. The firm has a market capitalization of $9.09 million, a price-to-earnings ratio of 10.11 and a beta of 0.44. The business’s fifty day moving average is $32.39 and its 200-day moving average is $31.64.

About Global X Brazil Active ETF

The Global X Brazil Active ETF (BRAZ) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term growth of capital by investing in a concentrated portfolio of Brazilian equities. The fund uses bottom-up, fundamental analysis to actively select and manage its holdings. BRAZ was launched on Aug 16, 2023 and is issued by Global X.