VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Shares Break Below 200-Day Moving Average – What’s Next?

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.55 and traded as low as $13.90. VanEck Brazil Small-Cap ETF shares last traded at $14.02, with a volume of 121,597 shares trading hands.

VanEck Brazil Small-Cap ETF Stock Performance

The firm has a market capitalization of $18.39 million, a price-to-earnings ratio of 9.69 and a beta of 0.75. The company has a 50 day moving average price of $17.18 and a two-hundred day moving average price of $17.51.

Hedge Funds Weigh In On VanEck Brazil Small-Cap ETF

A hedge fund recently bought a new position in VanEck Brazil Small-Cap ETF stock. Citadel Advisors LLC bought a new stake in VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,411 shares of the company’s stock, valued at approximately $483,000. Citadel Advisors LLC owned 2.18% of VanEck Brazil Small-Cap ETF as of its most recent SEC filing.

VanEck Brazil Small-Cap ETF Company Profile

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.