Short Interest in iShares MSCI South Africa ETF (NYSEARCA:EZA) Increases By 192.3%
by Scott Moore · The Cerbat GemiShares MSCI South Africa ETF (NYSEARCA:EZA – Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 391,019 shares, an increase of 192.3% from the March 15th total of 133,763 shares. Based on an average daily volume of 367,642 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.7% of the shares of the company are short sold.
iShares MSCI South Africa ETF Stock Performance
iShares MSCI South Africa ETF stock traded up $0.17 during trading hours on Monday, reaching $72.31. 65,515 shares of the stock were exchanged, compared to its average volume of 382,091. iShares MSCI South Africa ETF has a 52-week low of $46.21 and a 52-week high of $81.75. The stock has a market cap of $773.72 million, a P/E ratio of 14.34 and a beta of 0.78. The firm’s 50 day moving average is $71.79 and its 200 day moving average is $69.30.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in iShares MSCI South Africa ETF by 11.8% in the 4th quarter. JPMorgan Chase & Co. now owns 987,680 shares of the exchange traded fund’s stock valued at $67,952,000 after purchasing an additional 104,291 shares in the last quarter. Trium Capital LLP purchased a new stake in shares of iShares MSCI South Africa ETF in the fourth quarter valued at about $6,578,000. Ameriprise Financial Inc. acquired a new stake in shares of iShares MSCI South Africa ETF in the second quarter valued at approximately $5,138,000. One Capital Management LLC increased its stake in shares of iShares MSCI South Africa ETF by 11.0% during the 4th quarter. One Capital Management LLC now owns 31,141 shares of the exchange traded fund’s stock worth $2,142,000 after purchasing an additional 3,081 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of iShares MSCI South Africa ETF by 386.7% during the 3rd 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 during the last quarter.
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.