iShares MSCI Brazil ETF (NYSEARCA:EWZ) Short Interest Down 38.9% in April

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 46,142,847 shares, a decline of 38.9% from the April 15th total of 75,496,379 shares. Based on an average daily trading volume, of 26,797,853 shares, the days-to-cover ratio is presently 1.7 days. Approximately 15.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truxt Investmentos Ltda. acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. grew its stake in iShares MSCI Brazil ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 440 shares during the last quarter. NewEdge Advisors LLC grew its stake in iShares MSCI Brazil ETF by 819.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 1,500 shares during the last quarter. Parallel Advisors LLC grew its stake in iShares MSCI Brazil ETF by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 293 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in iShares MSCI Brazil ETF by 205.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,230 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Stock Performance

EWZ stock traded up $0.51 during midday trading on Monday, hitting $36.74. 22,417,912 shares of the stock were exchanged, compared to its average volume of 35,372,793. The stock’s 50-day moving average price is $38.47 and its 200-day moving average price is $35.82. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65. iShares MSCI Brazil ETF has a fifty-two week low of $26.30 and a fifty-two week high of $42.02.

About iShares MSCI Brazil ETF

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.