iShares MSCI Brazil Index (NYSEARCA:EWZ) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 31,811,328 shares, an increase of 30.5% from the November 15th total of 24,377,399 shares. Based on an average trading volume of 20,031,972 shares, the days-to-cover ratio is presently 1.6 days.
iShares MSCI Brazil Index (NYSEARCA:EWZ) traded up $0.13 during trading on Friday, reaching $43.23. 6,400,000 shares of the company’s stock were exchanged. The firm has a market cap of $8,200.00 and a price-to-earnings ratio of -6.00. iShares MSCI Brazil Index has a 12 month low of $31.78 and a 12 month high of $44.03.
The firm also recently announced a semiannual dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were issued a dividend of $0.0504 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a yield of 0.25%. iShares MSCI Brazil Index’s dividend payout ratio (DPR) is presently -9.58%.
Institutional investors have recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. purchased a new stake in shares of iShares MSCI Brazil Index in the 3rd quarter valued at approximately $211,867,000. JPMorgan Chase & Co. increased its position in shares of iShares MSCI Brazil Index by 588.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,897,355 shares of the exchange traded fund’s stock valued at $241,616,000 after purchasing an additional 5,040,877 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in shares of iShares MSCI Brazil Index in the 3rd quarter valued at approximately $101,223,000. Rafferty Asset Management LLC increased its position in shares of iShares MSCI Brazil Index by 123.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 2,420,729 shares of the exchange traded fund’s stock valued at $82,644,000 after purchasing an additional 1,336,073 shares during the last quarter. Finally, Investure LLC purchased a new stake in shares of iShares MSCI Brazil Index in the 2nd quarter valued at approximately $25,434,000.
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About iShares MSCI Brazil Index
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).
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