iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Down 37.7% in June

iShares MSCI South Africa ETF (NYSEARCA:EZAGet Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 307,048 shares, a drop of 37.7% from the May 31st total of 492,775 shares. Based on an average daily volume of 282,336 shares, the short-interest ratio is presently 1.1 days. Approximately 2.9% of the shares of the company are short sold.

iShares MSCI South Africa ETF Stock Performance

iShares MSCI South Africa ETF stock remained flat at $64.00 on Friday. 167,404 shares of the company’s stock were exchanged, compared to its average volume of 311,641. The company’s fifty day moving average is $67.38 and its two-hundred day moving average is $70.29. The firm has a market cap of $563.20 million, a PE ratio of 14.34 and a beta of 0.75. iShares MSCI South Africa ETF has a 52-week low of $52.74 and a 52-week high of $81.75.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Several hedge funds have recently made changes to their positions in EZA. JPMorgan Chase & Co. lifted its holdings in shares of 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 period. Trium Capital LLP acquired a new stake in shares of iShares MSCI South Africa ETF during the 4th quarter valued at about $6,578,000. Ameriprise Financial Inc. bought a new stake in iShares MSCI South Africa ETF in the second quarter valued at about $5,138,000. Providence First Trust Co bought a new stake in iShares MSCI South Africa ETF in the fourth quarter valued at about $908,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI South Africa ETF by 35.9% in the fourth 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 in the last quarter.

iShares MSCI South Africa ETF Company Profile

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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.

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