iShares MSCI South Africa ETF (NYSEARCA:EZA) Short Interest Down 28.1% in February

iShares MSCI South Africa ETF (NYSEARCA:EZA) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 633,155 shares, a drop of 28.1% from the February 12th total of 880,477 shares. Approximately 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 362,090 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 362,090 shares, the short-interest ratio is presently 1.7 days. Approximately 6.1% of the company’s shares are short sold.

Institutional Trading of iShares MSCI South Africa ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of iShares MSCI South Africa ETF in the fourth quarter valued at approximately $302,000. Barometer Capital Management Inc. purchased a new position in iShares MSCI South Africa ETF during the 3rd quarter worth $320,000. ABC Arbitrage SA purchased a new position in iShares MSCI South Africa ETF during the 3rd quarter worth $631,000. Providence First Trust Co bought a new stake in iShares MSCI South Africa ETF during the 4th quarter valued at $908,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in iShares MSCI South Africa ETF by 78.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,311 shares of the exchange traded fund’s stock valued at $1,046,000 after purchasing an additional 7,170 shares in the last quarter.

iShares MSCI South Africa ETF Stock Down 3.5%

EZA traded down $2.42 on Friday, reaching $66.60. 350,259 shares of the company traded hands, compared to its average volume of 422,793. The company has a market cap of $692.64 million, a P/E ratio of 14.34 and a beta of 0.78. iShares MSCI South Africa ETF has a one year low of $39.74 and a one year high of $81.75. The firm has a fifty day simple moving average of $74.53 and a two-hundred day simple moving average of $68.17.

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.