Short Interest in VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Increases By 329.6%

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,670 shares, an increase of 329.6% from the April 30th total of 2,251 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 10,780 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of VanEck Brazil Small-Cap ETF

Hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC lifted its holdings in shares of VanEck Brazil Small-Cap ETF by 21.5% in the 4th quarter. OLD Mission Capital LLC now owns 75,538 shares of the company’s stock worth $1,211,000 after purchasing an additional 13,388 shares during the last quarter. LPL Financial LLC lifted 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 worth $724,000 after purchasing an additional 2,200 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter worth approximately $258,000. Citadel Advisors LLC bought a new stake in shares of VanEck Brazil Small-Cap ETF in the 3rd quarter worth approximately $236,000. Finally, Jane Street Group LLC lifted its holdings in shares of VanEck Brazil Small-Cap ETF by 44.9% in the 2nd quarter. Jane Street Group LLC now owns 15,729 shares of the company’s stock worth $242,000 after purchasing an additional 4,873 shares during the last quarter.

VanEck Brazil Small-Cap ETF Trading Up 0.8%

Shares of NYSEARCA BRF opened at $17.82 on Friday. The company has a market cap of $24.06 million, a price-to-earnings ratio of 9.69 and a beta of 0.80. VanEck Brazil Small-Cap ETF has a 12-month low of $14.03 and a 12-month high of $20.44. The stock’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $17.87.

About VanEck Brazil Small-Cap ETF

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.