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

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 224,169 shares, the days-to-cover ratio is currently 2.3 days. Approximately 5.9% of the company’s shares are sold short. Approximately 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 currently 2.3 days.

iShares MSCI South Africa ETF Stock Performance

Shares of EZA stock traded down $0.96 on Friday, hitting $72.78. The company had a trading volume of 385,922 shares, compared to its average volume of 355,356. The stock’s 50-day moving average is $68.52 and its two-hundred day moving average is $62.60. iShares MSCI South Africa ETF has a twelve month low of $39.74 and a twelve 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.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in iShares MSCI South Africa ETF by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 883,389 shares of the exchange traded fund’s stock worth $56,625,000 after acquiring an additional 147,200 shares during the last quarter. One Capital Management LLC increased its holdings in iShares MSCI South Africa ETF by 0.9% in the 3rd 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 during the last quarter. Barometer Capital Management Inc. bought a new position in iShares MSCI South Africa ETF in the 3rd quarter worth approximately $320,000. ABC Arbitrage SA purchased a new position in shares of iShares MSCI South Africa ETF in the third quarter valued at $631,000. Finally, Innealta Capital LLC lifted its holdings 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 worth $1,391,000 after buying 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.