Short Interest in Global X Brazil Active ETF (NYSEARCA:BRAZ) Rises By 88.6%

Global X Brazil Active ETF (NYSEARCA:BRAZ) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,665 shares, an increase of 88.6% from the May 31st total of 883 shares. Based on an average daily trading volume, of 1,254 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Global X Brazil Active ETF

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of Global X Brazil Active ETF by 10.9% in the first quarter. Jane Street Group LLC now owns 11,116 shares of the company’s stock valued at $241,000 after buying an additional 1,089 shares in the last quarter. OLD Mission Capital LLC increased its position in 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 bought a new position in shares of Global X Brazil Active ETF in the third quarter worth about $982,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global X Brazil Active ETF in the second quarter worth about $1,529,000.

Global X Brazil Active ETF Stock Up 0.7%

Global X Brazil Active ETF stock traded up $0.21 during trading hours on Thursday, hitting $29.24. The stock had a trading volume of 190 shares, compared to its average volume of 2,980. The company has a 50-day moving average of $30.79 and a two-hundred day moving average of $31.03. Global X Brazil Active ETF has a fifty-two week low of $20.50 and a fifty-two week high of $35.79. The company has a market cap of $9.94 million, a PE ratio of 10.11 and a beta of 0.41.

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.