iShares MSCI South Africa ETF (NYSEARCA:EZA) Stock Cross Above Fifty Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $70.88 and traded as high as $75.78. iShares MSCI South Africa ETF shares last traded at $73.98, with a volume of 1,187,838 shares trading hands.

iShares MSCI South Africa ETF Stock Performance

The business’s 50 day simple moving average is $70.88 and its 200-day simple moving average is $64.64. The company has a market cap of $769.39 million, a price-to-earnings ratio of 14.34 and a beta of 0.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barometer Capital Management Inc. acquired a new stake in shares of iShares MSCI South Africa ETF during the 3rd quarter valued at about $320,000. Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI South Africa ETF by 65.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock valued at $491,000 after acquiring an additional 3,631 shares in the last quarter. ABC Arbitrage SA bought a new position in iShares MSCI South Africa ETF during the third quarter valued at approximately $631,000. Providence First Trust Co acquired a new stake in iShares MSCI South Africa ETF in the fourth quarter valued at approximately $908,000. Finally, Innealta Capital LLC grew its position in iShares MSCI South Africa ETF by 138.7% in the third quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock worth $1,391,000 after acquiring an additional 12,608 shares in the last quarter.

About iShares MSCI South Africa ETF

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.