iShares MSCI Brazil ETF (NYSEARCA:EWZ) Sees Large Volume Increase – Here’s Why

Shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) saw an uptick in trading volume on Tuesday. 34,793,731 shares were traded during trading, an increase of 6% from the average daily volume of 32,875,781 shares. The stock last traded at $34.3710 and had previously closed at $34.15.

iShares MSCI Brazil ETF Stock Down 2.0%

The firm has a market cap of $11.06 billion, a PE ratio of 9.58 and a beta of 0.57. The firm has a 50-day moving average price of $38.47 and a two-hundred day moving average price of $37.14.

Institutional Investors Weigh In On iShares MSCI Brazil ETF

A number of hedge funds have recently added to or reduced their stakes in EWZ. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares MSCI Brazil ETF in the 3rd quarter worth about $1,628,000. Choreo LLC acquired a new position in iShares MSCI Brazil ETF in the third quarter valued at $242,000. D.A. Davidson & CO. acquired a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at about $2,143,000. Latitude Advisors LLC acquired a new position in shares of iShares MSCI Brazil ETF during the 3rd quarter valued at $34,000. Finally, Sigma Planning Corp bought a new position in iShares MSCI Brazil ETF during the third quarter worth $1,099,000. 72.69% of the stock is currently owned by institutional investors.

iShares MSCI Brazil ETF Company Profile

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.