Global X Brazil Active ETF (NYSEARCA:BRAZ) Sees Significant Growth in Short Interest

Global X Brazil Active ETF (NYSEARCA:BRAZ) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,350 shares, a growth of 165.2% from the September 15th total of 1,263 shares. Based on an average trading volume of 326 shares, the days-to-cover ratio is presently 10.3 days. Currently, 1.0% of the company’s stock are short sold.

Global X Brazil Active ETF Trading Down 1.2%

Global X Brazil Active ETF stock traded down $0.43 during mid-day trading on Wednesday, hitting $36.71. The company had a trading volume of 386 shares, compared to its average volume of 2,149. Global X Brazil Active ETF has a 12 month low of $24.92 and a 12 month high of $38.03. The company has a market capitalization of $12.11 million, a PE ratio of 10.11 and a beta of 0.37. The stock’s 50 day moving average price is $32.15 and its two-hundred day moving average price is $31.56.

About Global X Brazil Active ETF

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.