iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Down 40.8% in August

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 152,662 shares, a drop of 40.8% from the July 30th total of 257,741 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 113,640 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Several large investors have recently bought and sold shares of EZA. One Capital Management LLC lifted its holdings in iShares MSCI South Africa ETF by 0.9% during the 3rd quarter. One Capital Management LLC now owns 28,060 shares of the exchange traded fund’s stock worth $1,799,000 after buying an additional 260 shares during the last quarter. Innealta Capital LLC raised its position in shares of iShares MSCI South Africa ETF by 15.3% during the 1st quarter. Innealta Capital LLC now owns 29,808 shares of the exchange traded fund’s stock worth $2,021,000 after acquiring an additional 3,948 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in iShares MSCI South Africa ETF during the fourth quarter worth approximately $302,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares MSCI South Africa ETF by 23.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,261 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Providence First Trust Co acquired a new position in iShares MSCI South Africa ETF in the fourth quarter valued at approximately $908,000.

iShares MSCI South Africa ETF Stock Down 1.4%

iShares MSCI South Africa ETF stock traded down $0.96 during trading on Tuesday, reaching $69.54. The stock had a trading volume of 141,585 shares, compared to its average volume of 270,759. iShares MSCI South Africa ETF has a 52-week low of $56.28 and a 52-week high of $81.75. The stock has a market cap of $591.09 million, a PE ratio of 14.34 and a beta of 0.75. The business has a 50 day moving average price of $65.54 and a 200 day moving average price of $68.46.

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.