iShares MSCI South Africa ETF (NYSEARCA:EZA) Sees Significant Decline in Short Interest

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of 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. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 282,336 shares, the short-interest ratio is presently 1.1 days.

iShares MSCI South Africa ETF Stock Performance

EZA stock opened at $64.00 on Friday. iShares MSCI South Africa ETF has a one year low of $52.74 and a one year high of $81.75. The company’s fifty day moving average price is $67.23 and its 200-day moving average price is $70.25. The company has a market capitalization of $563.20 million, a PE ratio of 14.34 and a beta of 0.75.

Institutional Trading of iShares MSCI South Africa ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. One Capital Management LLC boosted its holdings in shares of iShares MSCI South Africa ETF by 0.9% during the 3rd quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock valued at $1,799,000 after purchasing an additional 260 shares during the last quarter. Innealta Capital LLC boosted its stake in iShares MSCI South Africa ETF by 15.3% during the first quarter. Innealta Capital LLC now owns 29,808 shares of the exchange traded fund’s stock valued at $2,021,000 after buying an additional 3,948 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI South Africa ETF during the 4th quarter valued at approximately $302,000. Barometer Capital Management Inc. purchased a new position in iShares MSCI South Africa ETF during the 3rd quarter valued at approximately $320,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in iShares MSCI South Africa ETF by 23.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,261 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 5,100 shares during the last quarter.

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.