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

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

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Several large investors have recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI South Africa ETF in the 4th quarter worth approximately $302,000. Providence First Trust Co bought a new position in iShares MSCI South Africa ETF during the fourth quarter valued at $908,000. Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI South Africa ETF by 35.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 22,161 shares of the exchange traded fund’s stock worth $1,525,000 after purchasing an additional 5,850 shares during the period. Innealta Capital LLC raised its holdings 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. Finally, One Capital Management LLC increased its stake in iShares MSCI South Africa ETF by 0.9% in the third quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock worth $1,799,000 after purchasing an additional 260 shares during the period.

iShares MSCI South Africa ETF Stock Performance

Shares of iShares MSCI South Africa ETF stock opened at $62.76 on Tuesday. The stock’s fifty day moving average is $66.60 and its 200 day moving average is $70.07. iShares MSCI South Africa ETF has a one year low of $52.74 and a one year 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.

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.