VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) Stock Price Up 3% – Here’s Why

VanEck Brazil Small-Cap ETF (NYSEARCA:BRF)’s stock price traded up 3% on Tuesday. The company traded as high as $20.53 and last traded at $20.44. Approximately 34,640 shares changed hands during trading, an increase of 360% from the average daily volume of 7,532 shares. The stock had previously closed at $19.84.

VanEck Brazil Small-Cap ETF Stock Performance

The firm’s fifty day simple moving average is $16.98 and its 200-day simple moving average is $17.25. The stock has a market cap of $27.59 million, a P/E ratio of 9.69 and a beta of 0.75.

Institutional Investors Weigh In On VanEck Brazil Small-Cap ETF

An institutional investor recently raised its stake in VanEck Brazil Small-Cap ETF stock. Gould Asset Management LLC CA grew its holdings in shares of VanEck Brazil Small-Cap ETF (NYSEARCA:BRF) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,125 shares of the company’s stock after acquiring an additional 985 shares during the period. Gould Asset Management LLC CA owned 1.64% of VanEck Brazil Small-Cap ETF worth $405,000 as of its most recent SEC filing.

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.