Short Interest in iShares MSCI Brazil ETF (NYSEARCA:EWZ) Declines By 13.4%

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 63,407,564 shares, a drop of 13.4% from the January 29th total of 73,233,927 shares. Based on an average trading volume of 45,758,168 shares, the days-to-cover ratio is presently 1.4 days. Currently, 26.9% of the company’s stock are sold short. Currently, 26.9% of the company’s stock are sold short. Based on an average trading volume of 45,758,168 shares, the days-to-cover ratio is presently 1.4 days.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ opened at $36.36 on Friday. The business’s 50-day moving average is $35.98 and its 200-day moving average is $32.72. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 9.58 and a beta of 0.87. iShares MSCI Brazil ETF has a fifty-two week low of $23.05 and a fifty-two week high of $39.69.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EWZ. MKP Capital Management L.L.C. acquired a new stake in shares of iShares MSCI Brazil ETF during the 3rd quarter valued at $68,820,000. FIL Ltd purchased a new stake in shares of iShares MSCI Brazil ETF during the fourth quarter worth $65,840,000. Two Sigma Investments LP raised its holdings in shares of iShares MSCI Brazil ETF by 9,552.4% during the third quarter. Two Sigma Investments LP now owns 1,585,218 shares of the exchange traded fund’s stock worth $49,142,000 after acquiring an additional 1,568,795 shares in the last quarter. Wellington Management Group LLP acquired a new stake in iShares MSCI Brazil ETF during the fourth quarter valued at $48,228,000. Finally, OLD Mission Capital LLC boosted its position in iShares MSCI Brazil ETF by 316.5% during the fourth quarter. OLD Mission Capital LLC now owns 1,926,675 shares of the exchange traded fund’s stock valued at $61,210,000 after purchasing an additional 1,464,112 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Company Profile

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.