MYDA Advisors LLC Sells 105,000 Shares of iShares MSCI Brazil ETF $EWZ

MYDA Advisors LLC cut its holdings in iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 58.3% during the fourth quarter, HoldingsChannel reports. The firm owned 75,000 shares of the exchange traded fund’s stock after selling 105,000 shares during the period. MYDA Advisors LLC’s holdings in iShares MSCI Brazil ETF were worth $2,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EWZ. Ameriflex Group Inc. increased its stake in shares of iShares MSCI Brazil ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 880 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 440 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares MSCI Brazil ETF by 819.7% in the first quarter. NewEdge Advisors LLC now owns 1,683 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,500 shares during the period. Parallel Advisors LLC increased its stake in shares of iShares MSCI Brazil ETF by 16.7% in the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 293 shares during the period. Kapitalo Investimentos Ltda increased its stake in shares of iShares MSCI Brazil ETF by 462.5% in the fourth quarter. Kapitalo Investimentos Ltda now owns 900,000 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 740,000 shares during the period. Finally, Triumph Capital Management bought a new position in shares of iShares MSCI Brazil ETF in the third quarter worth about $90,000. 72.69% of the stock is currently owned by institutional investors.

iShares MSCI Brazil ETF Stock Performance

iShares MSCI Brazil ETF stock opened at $35.10 on Monday. The business’s 50-day simple moving average is $37.95 and its 200-day simple moving average is $36.25. The firm has a market capitalization of $10.24 billion, a PE ratio of 9.58 and a beta of 0.61. iShares MSCI Brazil ETF has a 52 week low of $26.30 and a 52 week high of $42.02.

About iShares MSCI Brazil ETF

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.