ETFs Are Net Sellers of Nu Holdings (NU) on Tuesday

This article first appeared on GuruFocus.

The iShares MSCI Brazil ETF (EWZ) drove the move, cutting its Nu Holdings stake by 5.65% and accounting for $54.0 million of the day’s selling. Four ETFs sold the stock against seven that bought, but the buyers’ smaller amounts left ETF flows at a net $54.5 million outflow on Tuesday. That followed a net $13.8 million sold on Monday, extending the same-direction streak to two days. Earlier in the stretch, funds were net buyers on Oct. 22 and Oct. 16.

Every ETF and guru trade in NU is tracked on the NU guru trades page.

Which ETFs sold NU on Tuesday?

The largest sellers by dollar value were EWZ ($54.0 million), ILF ($0.6 million) and ESGE ($0.2 million). In all, 7 ETFs added shares and 4 cut them.

EWZ led the selling with a $54.0 million reduction, followed by much smaller cuts from ILF (-$0.6 million) and ESGE (-$0.2 million); IWY‘s change was negligible. On the buying side, OMFL, EQAL, CWI and IWV added small amounts. Nu Holdings is a Financial Services company in the Banks – Regional industry with a market cap of $57.8 billion.

Have ETFs been buying or selling NU lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 2, so the recent trend is split.

What does NU do?

Nu Holdings operates Nubank, the largest digital bank in Latin America and one of the largest in the world, serving well over 100 million customers across Brazil, Mexico, and Colombia entirely through its purple-branded mobile app.

Nu Holdings reported $12.42 billion in trailing-12-month revenue, up 50.7% over the year, with a net margin of 29.1%. It trades at a P/E of 16.29, P/B of 4.36 and P/S of 4.73, against a market cap of $57.8 billion. The stock has a GF Score of 68, and its GF Value of $32.52 compares with a price of $11.97. Nu Holdings is down 28.49% year to date.

NU at a glance

Investors following NU can review its GF Value, guru trades and insider activity on the NU summary page.