The stock of iSHARES MSCI BRAZIL INDEX ETF (TSE:XBZ) is a huge mover today! About 11,160 shares traded hands or 122.80% up from the average. iSHARES MSCI BRAZIL INDEX ETF (TSE:XBZ) has risen 49.35% since April 5, 2016 and is uptrending. It has outperformed by 44.57% the S&P500.
The move comes after 5 months negative chart setup for the $14.52M company. It was reported on Nov, 9 by Barchart.com. We have $11.65 PT which if reached, will make TSE:XBZ worth $2.03M less.
More notable recent iSHARES MSCI BRAZIL INDEX ETF (TSE:XBZ) news were published by: Etfdailynews.com which released: “IMF Says Brazil Needs Major Reforms Now, or Recession Will Continue” on September 30, 2016, also Etfdailynews.com with their article: “Brazil’s Massive Stock Rally Will Probably End Soon” published on August 04, 2016, Etfdailynews.com published: “Investors Are Hedging Their Bets on This Brazil ETF” on August 23, 2016. More interesting news about iSHARES MSCI BRAZIL INDEX ETF (TSE:XBZ) were released by: Etfdailynews.com and their article: “BlackRock Sees Enormous Risk in Brazil Indexes Right Now” published on August 10, 2016 as well as Investorplace.com‘s news article titled: “iShares MSCI Brazil Index (ETF) (EWZ): This Rally Isn’t All That Crazy” with publication date: March 18, 2016.
XBZ.TO Company Profile
iShares MSCI Brazil Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate 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. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
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