iShares MSCI South Africa ETF (NYSEARCA:EZA) Sees Significant Increase in Short Interest

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 492,775 shares, a growth of 225.1% from the May 14th total of 151,561 shares. Based on an average daily trading volume, of 221,243 shares, the short-interest ratio is currently 2.2 days. Approximately 4.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. One Capital Management LLC increased its holdings in shares of 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 valued at $1,799,000 after purchasing an additional 260 shares during the period. Innealta Capital LLC increased its holdings in shares of iShares MSCI South Africa ETF by 15.3% during the first quarter. Innealta Capital LLC now owns 29,808 shares of the exchange traded fund’s stock valued at $2,021,000 after purchasing an additional 3,948 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares MSCI South Africa ETF during the fourth quarter valued at $302,000. Barometer Capital Management Inc. acquired a new position in shares of iShares MSCI South Africa ETF during the third quarter valued at $320,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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 valued at $1,848,000 after purchasing an additional 5,100 shares during the period.

iShares MSCI South Africa ETF Stock Up 4.9%

NYSEARCA EZA traded up $3.11 during trading hours on Thursday, hitting $66.28. The company had a trading volume of 152,871 shares, compared to its average volume of 316,932. iShares MSCI South Africa ETF has a fifty-two week low of $51.26 and a fifty-two week high of $81.75. The business has a fifty day simple moving average of $69.30 and a 200-day simple moving average of $70.55. The firm has a market cap of $709.20 million, a P/E ratio of 14.34 and a beta of 0.73.

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.