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

iShares MSCI South Africa ETF (NYSEARCA:EZA) was the target of a significant drop in short interest during the month of 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. Based on an average trading volume of 113,640 shares, the short-interest ratio is currently 1.3 days. Approximately 1.8% of the shares of the stock are short sold.

iShares MSCI South Africa ETF Trading Down 0.6%

Shares of EZA stock traded down $0.45 during trading hours on Monday, hitting $70.27. 117,244 shares of the company’s stock were exchanged, compared to its average volume of 270,443. The company has a market capitalization of $597.29 million, a PE ratio of 14.34 and a beta of 0.75. iShares MSCI South Africa ETF has a 12-month low of $56.28 and a 12-month high of $81.75. The business’s 50 day simple moving average is $65.43 and its 200-day simple moving average is $68.49.

Institutional Trading of iShares MSCI South Africa ETF

Several hedge funds have recently added to or reduced their stakes in EZA. Ameriprise Financial Inc. bought a new position in shares of iShares MSCI South Africa ETF during the second quarter valued at about $5,138,000. One Capital Management LLC boosted 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 valued at $1,799,000 after acquiring an additional 260 shares during the period. Providence First Trust Co bought a new position in iShares MSCI South Africa ETF during the 4th quarter worth approximately $908,000. JPMorgan Chase & Co. grew its position in iShares MSCI South Africa ETF by 11.8% during the 4th quarter. JPMorgan Chase & Co. now owns 987,680 shares of the exchange traded fund’s stock worth $67,952,000 after acquiring an additional 104,291 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares MSCI South Africa ETF in the 4th quarter worth approximately $302,000.

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.