VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Short Interest Up 329.6% in May

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 9,670 shares, a growth of 329.6% from the April 30th total of 2,251 shares. Based on an average daily volume of 10,780 shares, the short-interest ratio is currently 0.9 days. Approximately 0.7% of the company’s stock are short sold.

VanEck Brazil Small-Cap ETF Stock Down 1.1%

Shares of BRF traded down $0.19 during midday trading on Friday, reaching $17.63. 6,584 shares of the stock were exchanged, compared to its average volume of 8,215. VanEck Brazil Small-Cap ETF has a 12-month low of $14.03 and a 12-month high of $20.44. The firm has a 50 day simple moving average of $18.47 and a 200-day simple moving average of $17.87. The company has a market cap of $23.80 million, a price-to-earnings ratio of 9.69 and a beta of 0.80.

Institutional Investors Weigh In On VanEck Brazil Small-Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BRF. Susquehanna International Group LLP purchased a new stake in shares of VanEck Brazil Small-Cap ETF during the 3rd quarter worth about $258,000. Citadel Advisors LLC acquired a new position in shares of VanEck Brazil Small-Cap ETF during the 3rd quarter valued at about $236,000. OLD Mission Capital LLC increased its holdings in shares of VanEck Brazil Small-Cap ETF by 21.5% during the 4th quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock valued at $1,211,000 after acquiring an additional 13,388 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of VanEck Brazil Small-Cap ETF during the 4th quarter valued at about $170,000. Finally, LPL Financial LLC increased its holdings in shares of VanEck Brazil Small-Cap ETF by 5.1% during the 4th quarter. LPL Financial LLC now owns 45,138 shares of the company’s stock valued at $724,000 after acquiring an additional 2,200 shares during the last quarter.

About VanEck Brazil Small-Cap ETF

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.