VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Short Interest Down 24.2% in December

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 10,994 shares, a drop of 24.2% from the December 15th total of 14,498 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 7,950 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 7,950 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Gould Asset Management LLC CA raised its stake in shares of VanEck Brazil Small-Cap ETF by 6.7% during the 3rd quarter. Gould Asset Management LLC CA now owns 21,140 shares of the company’s stock worth $344,000 after buying an additional 1,325 shares during the period. Susquehanna International Group LLP acquired a new stake in VanEck Brazil Small-Cap ETF in the 3rd quarter valued at $258,000. Jane Street Group LLC raised its position in VanEck Brazil Small-Cap ETF by 44.9% during the second quarter. Jane Street Group LLC now owns 15,729 shares of the company’s stock worth $242,000 after acquiring an additional 4,873 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of VanEck Brazil Small-Cap ETF in the third quarter valued at about $236,000.

VanEck Brazil Small-Cap ETF Stock Performance

Shares of BRF traded down $0.30 during trading hours on Friday, hitting $16.58. The stock had a trading volume of 3,675 shares, compared to its average volume of 4,207. The firm has a 50-day moving average price of $16.75 and a 200 day moving average price of $15.89. VanEck Brazil Small-Cap ETF has a fifty-two week low of $11.41 and a fifty-two week high of $18.22. The firm has a market capitalization of $22.38 million, a price-to-earnings ratio of 9.69 and a beta of 1.01.

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.