Global X Brazil Active ETF (NYSEARCA:BRAZ) Short Interest Update

Global X Brazil Active ETF (NYSEARCA:BRAZ) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,309 shares, a decline of 72.3% from the April 15th total of 4,733 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,471 shares, the short-interest ratio is presently 0.9 days.

Global X Brazil Active ETF Trading Down 4.1%

Shares of Global X Brazil Active ETF stock traded down $1.33 on Wednesday, reaching $31.14. 184 shares of the company were exchanged, compared to its average volume of 3,301. The stock has a fifty day moving average price of $32.77 and a 200-day moving average price of $30.43. The firm has a market capitalization of $10.28 million, a price-to-earnings ratio of 10.11 and a beta of 0.48. Global X Brazil Active ETF has a fifty-two week low of $20.38 and a fifty-two week high of $35.79.

Institutional Investors Weigh In On Global X Brazil Active ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Global X Brazil Active ETF by 10.9% during the first quarter. Jane Street Group LLC now owns 11,116 shares of the company’s stock valued at $241,000 after acquiring an additional 1,089 shares during the period. OLD Mission Capital LLC lifted its position in shares of Global X Brazil Active ETF by 85.7% in the 4th quarter. OLD Mission Capital LLC now owns 17,382 shares of the company’s stock valued at $475,000 after acquiring an additional 8,023 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Global X Brazil Active ETF in the 3rd quarter valued at approximately $982,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Global X Brazil Active ETF in the 2nd quarter valued at approximately $1,529,000.

Global X Brazil Active ETF Company Profile

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.