iShares MSCI South Africa ETF (NYSEARCA:EZA) Sees Large Drop in Short Interest

iShares MSCI South Africa ETF (NYSEARCA:EZA) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 307,048 shares, a drop of 37.7% from the May 31st total of 492,775 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 282,336 shares, the days-to-cover ratio is presently 1.1 days.

iShares MSCI South Africa ETF Trading Up 2.0%

EZA stock traded up $1.27 during midday trading on Thursday, reaching $64.00. 167,404 shares of the company’s stock traded hands, compared to its average volume of 311,641. iShares MSCI South Africa ETF has a 52-week low of $52.74 and a 52-week high of $81.75. The stock has a market cap of $563.20 million, a P/E ratio of 14.34 and a beta of 0.75. The stock’s 50-day moving average is $67.52 and its 200 day moving average is $70.32.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

A number of hedge funds have recently modified their holdings of the business. Trium Capital LLP bought a new position in iShares MSCI South Africa ETF in the 4th quarter worth $6,578,000. Providence First Trust Co purchased a new stake in iShares MSCI South Africa ETF in the fourth quarter worth about $908,000. JPMorgan Chase & Co. increased its position in iShares MSCI South Africa ETF by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock worth $56,625,000 after buying an additional 147,200 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares MSCI South Africa ETF by 35.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 22,161 shares of the exchange traded fund’s stock worth $1,525,000 after buying an additional 5,850 shares during the period. Finally, Innealta Capital LLC raised its stake in shares of iShares MSCI South Africa ETF by 19.2% in the fourth quarter. Innealta Capital LLC now owns 25,860 shares of the exchange traded fund’s stock worth $1,779,000 after buying an additional 4,163 shares during the period.

iShares MSCI South Africa ETF Company Profile

iShares MSCI South Africa ETF, formerly iShares MSCI South Africa Index Fund (the Fund), is an exchange traded 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 South African market, as measured by the MSCI South Africa Index (the Index). The Index seeks to measure the performance of the South African equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.