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 large 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. Based on an average daily volume of 113,640 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.8% of the company’s stock are sold short.

iShares MSCI South Africa ETF Trading Up 1.0%

iShares MSCI South Africa ETF stock opened at $70.25 on Wednesday. The company has a fifty day simple moving average of $65.65 and a 200-day simple moving average of $68.41. The stock has a market cap of $597.12 million, a P/E 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.

Institutional Trading of iShares MSCI South Africa ETF

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of iShares MSCI South Africa ETF during the 2nd quarter worth about $5,138,000. Providence First Trust Co purchased a new stake in iShares MSCI South Africa ETF during the fourth quarter worth approximately $908,000. 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, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in iShares MSCI South Africa ETF in the fourth quarter valued at 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.