Global X Brazil Active ETF (NYSEARCA:BRAZ) Sees Large Decline in Short Interest

Global X Brazil Active ETF (NYSEARCA:BRAZ) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,309 shares, a decline of 72.3% from the April 15th total of 4,733 shares. Based on an average daily volume of 1,471 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are sold short.

Global X Brazil Active ETF Stock Performance

Shares of BRAZ traded down $0.81 during trading hours on Friday, hitting $30.69. 4,110 shares of the stock were exchanged, compared to its average volume of 3,280. Global X Brazil Active ETF has a 12-month low of $20.38 and a 12-month high of $35.79. The company has a market cap of $10.13 million, a price-to-earnings ratio of 10.11 and a beta of 0.48. The stock’s 50-day moving average price is $32.71 and its two-hundred day moving average price is $30.51.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. OLD Mission Capital LLC raised its holdings in shares of Global X Brazil Active ETF by 85.7% during the 4th quarter. OLD Mission Capital LLC now owns 17,382 shares of the company’s stock worth $475,000 after acquiring an additional 8,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global X Brazil Active ETF by 31.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,234 shares of the company’s stock worth $2,159,000 after acquiring an additional 19,554 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Global X Brazil Active ETF during the 3rd quarter worth $982,000. Finally, Jane Street Group LLC raised its holdings in shares of Global X Brazil Active ETF by 10.9% during the 1st quarter. Jane Street Group LLC now owns 11,116 shares of the company’s stock worth $241,000 after acquiring an additional 1,089 shares during the period.

Global X Brazil Active ETF Company Profile

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.