iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Down 32.4% in December
by Michael Walen · The Markets DailyiShares MSCI South Africa ETF (NYSEARCA:EZA – Get Free Report) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 507,282 shares, a decline of 32.4% from the December 15th total of 750,877 shares. Based on an average trading volume of 224,169 shares, the short-interest ratio is currently 2.3 days. Approximately 5.9% of the company’s stock are sold short. Approximately 5.9% of the company’s stock are sold short. Based on an average trading volume of 224,169 shares, the short-interest ratio is currently 2.3 days.
iShares MSCI South Africa ETF Stock Performance
Shares of NYSEARCA EZA traded down $0.96 during midday trading on Friday, hitting $72.78. 385,922 shares of the stock traded hands, compared to its average volume of 355,356. The firm has a market capitalization of $662.30 million, a P/E ratio of 14.34 and a beta of 0.78. The firm has a 50-day moving average of $68.52 and a two-hundred day moving average of $62.60. iShares MSCI South Africa ETF has a one year low of $39.74 and a one year high of $74.21.
Institutional Investors Weigh In On iShares MSCI South Africa ETF
Large investors have recently bought and sold shares of the business. Barometer Capital Management Inc. purchased a new stake in shares of iShares MSCI South Africa ETF in the third quarter valued at $320,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares MSCI South Africa ETF by 65.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,141 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 3,631 shares during the period. ABC Arbitrage SA purchased a new position in shares of iShares MSCI South Africa ETF in the 3rd quarter valued at $631,000. Innealta Capital LLC boosted its holdings in shares of iShares MSCI South Africa ETF by 138.7% in the 3rd quarter. Innealta Capital LLC now owns 21,697 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 12,608 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of iShares MSCI South Africa ETF by 386.7% during the third quarter. SG Americas Securities LLC now owns 27,327 shares of the exchange traded fund’s stock worth $1,752,000 after purchasing an additional 21,712 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.