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

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 147,124 shares, a decline of 52.1% from the June 15th total of 307,048 shares. Based on an average trading volume of 269,127 shares, the short-interest ratio is currently 0.5 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC raised its holdings in shares of iShares MSCI South Africa ETF by 15.3% in the 1st quarter. Innealta Capital LLC now owns 29,808 shares of the exchange traded fund’s stock valued at $2,021,000 after purchasing an additional 3,948 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in iShares MSCI South Africa ETF by 23.0% during 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 purchasing an additional 5,100 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of iShares MSCI South Africa ETF during the fourth quarter valued at $302,000. JPMorgan Chase & Co. grew its stake in iShares MSCI South Africa ETF by 11.8% during the 4th quarter. JPMorgan Chase & Co. now owns 987,680 shares of the exchange traded fund’s stock valued at $67,952,000 after purchasing an additional 104,291 shares during the last quarter. Finally, One Capital Management LLC increased its holdings in iShares MSCI South Africa ETF by 11.0% in the 4th quarter. One Capital Management LLC now owns 31,141 shares of the exchange traded fund’s stock worth $2,142,000 after buying an additional 3,081 shares during the period.

iShares MSCI South Africa ETF Stock Down 1.7%

Shares of NYSEARCA:EZA opened at $62.76 on Tuesday. 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 $539.74 million, a P/E ratio of 14.34 and a beta of 0.75. The business’s 50 day moving average is $66.60 and its 200 day moving average is $70.07.

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.