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

iShares MSCI South Africa ETF (NYSEARCA:EZA) saw a large 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. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 269,127 shares, the days-to-cover ratio is currently 0.5 days.

iShares MSCI South Africa ETF Stock Down 1.3%

iShares MSCI South Africa ETF stock traded down $0.80 during midday trading on Thursday, hitting $62.94. 69,056 shares of the stock were exchanged, compared to its average volume of 300,444. The company has a fifty day simple moving average of $66.35 and a two-hundred day simple moving average of $69.98. iShares MSCI South Africa ETF has a 52 week low of $52.96 and a 52 week high of $81.75. The stock has a market capitalization of $541.28 million, a PE ratio of 14.34 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Several hedge funds have recently bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares MSCI South Africa ETF in the 4th quarter valued at $302,000. Providence First Trust Co bought a new stake in shares of iShares MSCI South Africa ETF in the 4th quarter valued at $908,000. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares MSCI South Africa ETF by 35.9% during 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 buying an additional 5,850 shares during the period. Innealta Capital LLC raised its stake in iShares MSCI South Africa ETF by 19.2% during the 4th 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 lifted its holdings in iShares MSCI South Africa ETF by 0.9% during the third quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock worth $1,799,000 after acquiring an additional 260 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.