iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Down 32.4% in December

iShares MSCI South Africa ETF (NYSEARCA:EZA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 507,282 shares, a drop of 32.4% from the December 15th total of 750,877 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average daily volume of 224,169 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 224,169 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.9% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Several institutional investors and hedge funds have recently bought and sold shares of EZA. Barometer Capital Management Inc. bought a new position in shares of iShares MSCI South Africa ETF in the third quarter worth approximately $320,000. Sumitomo Mitsui Trust Group Inc. boosted its position in iShares MSCI South Africa ETF by 65.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 3,631 shares during the period. ABC Arbitrage SA bought a new stake in iShares MSCI South Africa ETF in the 3rd quarter worth $631,000. Innealta Capital LLC increased its position in shares of 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 valued at $1,391,000 after acquiring an additional 12,608 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of iShares MSCI South Africa ETF by 386.7% in the third quarter. SG Americas Securities LLC now owns 27,327 shares of the exchange traded fund’s stock valued at $1,752,000 after acquiring an additional 21,712 shares during the period.

iShares MSCI South Africa ETF Price Performance

NYSEARCA EZA traded down $0.96 during trading on Friday, hitting $72.78. 385,922 shares of the company’s stock traded hands, compared to its average volume of 355,356. The stock has a fifty day moving average of $68.52 and a two-hundred day moving average of $62.66. iShares MSCI South Africa ETF has a 12-month low of $39.74 and a 12-month high of $74.21. The firm has a market cap of $662.30 million, a P/E ratio of 14.34 and a beta of 0.78.

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.