Short Interest in iShares MSCI Brazil ETF (NYSEARCA:EWZ) Declines By 33.3%

iShares MSCI Brazil ETF (NYSEARCA:EWZ) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 22,293,832 shares, a decrease of 33.3% from the March 29th total of 33,447,483 shares. Based on an average trading volume of 29,432,076 shares, the days-to-cover ratio is currently 0.8 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of iShares MSCI Brazil ETF by 63.4% in the 1st quarter. Morgan Stanley now owns 12,792,645 shares of the exchange traded fund’s stock valued at $524,371,000 after buying an additional 4,965,124 shares during the last quarter. Bridgewater Associates LP boosted its holdings in shares of iShares MSCI Brazil ETF by 821.4% in the 1st quarter. Bridgewater Associates LP now owns 9,324,499 shares of the exchange traded fund’s stock valued at $382,211,000 after buying an additional 8,312,458 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI Brazil ETF by 232.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,668,619 shares of the exchange traded fund’s stock valued at $150,378,000 after buying an additional 2,563,764 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of iShares MSCI Brazil ETF by 2,975.0% in the 4th quarter. SG Americas Securities LLC now owns 2,791,788 shares of the exchange traded fund’s stock valued at $106,646,000 after buying an additional 2,700,999 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of iShares MSCI Brazil ETF in the 4th quarter valued at approximately $84,671,000.

NYSEARCA:EWZ traded down $0.66 during trading hours on Friday, reaching $36.99. 32,718,467 shares of the stock were exchanged, compared to its average volume of 30,068,375. iShares MSCI Brazil ETF has a twelve month low of $30.65 and a twelve month high of $45.72.

TRADEMARK VIOLATION NOTICE: “Short Interest in iShares MSCI Brazil ETF (NYSEARCA:EWZ) Declines By 33.3%” was originally published by Rockland Register and is the sole property of of Rockland Register. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://rocklandregister.com/2019/05/18/ishares-msci-brazil-etf-ewz-short-interest-update.html.

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).

Featured Article: How a Strangle Strategy is different from a Straddle Strategy

Receive News & Ratings for iShares MSCI Brazil ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Brazil ETF and related companies with MarketBeat.com's FREE daily email newsletter.