VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Sees Significant Decline in Short Interest

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,858 shares, a decline of 70.4% from the May 14th total of 9,670 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,289 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of VanEck Brazil Small-Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in VanEck Brazil Small-Cap ETF during the 4th quarter worth approximately $170,000. Citadel Advisors LLC acquired a new stake in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter valued at approximately $236,000. Susquehanna International Group LLP acquired a new stake in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter valued at approximately $258,000. Gould Asset Management LLC CA boosted its holdings in shares of VanEck Brazil Small-Cap ETF by 4.7% in the 1st quarter. Gould Asset Management LLC CA now owns 22,125 shares of the company’s stock valued at $405,000 after buying an additional 985 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of 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 valued at $724,000 after buying an additional 2,200 shares during the last quarter.

VanEck Brazil Small-Cap ETF Stock Performance

NYSEARCA:BRF traded up $0.12 on Thursday, hitting $16.63. 515 shares of the stock were exchanged, compared to its average volume of 8,290. The stock has a market capitalization of $22.45 million, a price-to-earnings ratio of 9.69 and a beta of 0.77. VanEck Brazil Small-Cap ETF has a 52 week low of $14.03 and a 52 week high of $20.44. The company’s 50-day moving average price is $18.39 and its 200 day moving average price is $17.88.

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.