Short Interest in iShares MSCI South Africa ETF (NYSEARCA:EZA) Drops By 32.5%

iShares MSCI South Africa ETF (NYSEARCA:EZA) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 880,477 shares, a decrease of 32.5% from the January 29th total of 1,304,564 shares. Based on an average daily trading volume, of 470,055 shares, the days-to-cover ratio is presently 1.9 days. Approximately 8.5% of the company’s shares are short sold. Approximately 8.5% of the company’s shares are short sold. Based on an average daily trading volume, of 470,055 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

Institutional investors have recently added to or reduced their stakes in the business. One Capital Management LLC grew its position in shares of 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 period. Sumitomo Mitsui Trust Group Inc. boosted its stake in iShares MSCI South Africa ETF by 65.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock worth $491,000 after acquiring an additional 3,631 shares in the last quarter. Innealta Capital LLC grew its holdings in iShares MSCI South Africa ETF by 19.2% in the fourth quarter. Innealta Capital LLC now owns 25,860 shares of the exchange traded fund’s stock worth $1,779,000 after purchasing an additional 4,163 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in iShares MSCI South Africa ETF in the fourth quarter valued at $302,000. Finally, Barometer Capital Management Inc. bought a new stake in iShares MSCI South Africa ETF in the third quarter valued at $320,000.

iShares MSCI South Africa ETF Stock Up 1.0%

EZA traded up $0.84 during trading on Friday, reaching $81.60. 333,273 shares of the stock traded hands, compared to its average volume of 426,112. The stock’s 50-day moving average is $73.97 and its 200 day moving average is $67.16. iShares MSCI South Africa ETF has a 12 month low of $39.74 and a 12 month high of $81.75. The stock has a market capitalization of $848.64 million, a PE ratio of 14.34 and a beta of 0.78.

iShares MSCI South Africa ETF Company Profile

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.