iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS) Sees 0.3% Increase in Trading

The iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS – Get Free Report) experienced a mild increase of 0.3% on Wednesday. The shares reached a high of $11.93 before settling at a last traded price of $11.88. In mid-day trading, the volume soared to approximately 1,248,264 shares, reflecting an impressive 222% increase over the average daily trading volume of 387,654 shares. Notably, the ETF had closed the previous day at $11.85.

Performance Overview of iShares MSCI Brazil Small-Cap ETF

This exchange-traded fund has a market capitalization of about $146.72 million. It shows a price-to-earnings (P/E) ratio of 9.09, indicating relatively attractive valuations compared to peers. Additionally, the ETF has a beta of 1.10, suggesting it is somewhat more volatile than the broader market. The 50-day moving average stands at $12.46, while the 200-day moving average is at $12.62.

Interest from Institutional Investors

Recent changes to positions by institutional investors in the iShares MSCI Brazil Small-Cap ETF highlight growing interest. Quadrature Capital Ltd initiated a new stake in the first quarter valued at about $760,000. Similarly, Jane Street Group LLC increased its holdings by 4.4% in the same quarter, now owning 332,111 shares worth approximately $4,829,000 after adding 14,124 shares. RPg Family Wealth Advisory LLC also expanded its stake by 5.0%, currently holding 110,444 shares valued at $1,297,000 after acquiring 5,238 additional shares. Additionally, Heartwood Wealth Advisors LLC raised its position by 12.0% in the third quarter, now possessing 30,407 shares worth $383,000 after purchasing 3,255 more shares during this period.

Fund Overview

The iShares MSCI Brazil Small-Cap ETF, formerly known as iShares MSCI Brazil Small Cap Index Fund, is designed to mirror the performance of the MSCI Brazil Small Cap Index. This underlying index tracks the performance of the smallest segment of public companies listed on Brazilian stock exchanges, specifically the bottom 14% by market capitalization.

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