VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Sees Significant Decline in Short Interest

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,414 shares, a drop of 46.8% from the March 15th total of 2,659 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,067 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of VanEck Brazil Small-Cap ETF

Several hedge funds have recently added to or reduced their stakes in BRF. Jane Street Group LLC raised its holdings in VanEck Brazil Small-Cap ETF by 44.9% in the 2nd quarter. Jane Street Group LLC now owns 15,729 shares of the company’s stock valued at $242,000 after acquiring an additional 4,873 shares in the last quarter. Gould Asset Management LLC CA raised its holdings in VanEck Brazil Small-Cap ETF by 6.7% in the 3rd quarter. Gould Asset Management LLC CA now owns 21,140 shares of the company’s stock valued at $344,000 after acquiring an additional 1,325 shares in the last quarter. Citadel Advisors LLC acquired a new position in VanEck Brazil Small-Cap ETF in the 3rd quarter valued at $236,000. Susquehanna International Group LLP acquired a new position in VanEck Brazil Small-Cap ETF in the 3rd quarter valued at $258,000. Finally, LPL Financial LLC raised its holdings in VanEck Brazil Small-Cap ETF by 5.1% in 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 in the last quarter.

VanEck Brazil Small-Cap ETF Stock Performance

NYSEARCA:BRF traded up $0.18 during mid-day trading on Monday, hitting $19.91. 4,844 shares of the stock were exchanged, compared to its average volume of 8,093. The stock has a market capitalization of $26.88 million, a price-to-earnings ratio of 9.69 and a beta of 0.85. The firm’s 50-day simple moving average is $18.46 and its 200 day simple moving average is $17.28. VanEck Brazil Small-Cap ETF has a fifty-two week low of $12.39 and a fifty-two week high of $19.94.

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.