Short Interest in VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Expands By 157.9%

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,390 shares, a growth of 157.9% from the July 15th total of 539 shares. Based on an average daily volume of 3,209 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Brazil Small-Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in VanEck Brazil Small-Cap ETF during the 3rd quarter valued at approximately $258,000. Citadel Advisors LLC bought a new position in VanEck Brazil Small-Cap ETF in the 3rd quarter valued at $236,000. OLD Mission Capital LLC grew its stake in shares of VanEck Brazil Small-Cap ETF by 21.5% during the 4th quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock worth $1,211,000 after acquiring an additional 13,388 shares during the period. Jane Street Group LLC bought a new stake in VanEck Brazil Small-Cap ETF during the 4th quarter valued at $170,000. Finally, LPL Financial LLC lifted its stake 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 worth $724,000 after purchasing an additional 2,200 shares in the last quarter.

VanEck Brazil Small-Cap ETF Stock Down 0.5%

BRF stock opened at $15.07 on Friday. VanEck Brazil Small-Cap ETF has a 12 month low of $14.54 and a 12 month high of $20.44. The company’s 50-day moving average price is $16.28 and its two-hundred day moving average price is $17.71. The firm has a market cap of $20.34 million, a P/E ratio of 9.69 and a beta of 0.79.

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.