iShares MSCI South Africa ETF (NYSEARCA:EZA) was the target of a significant growth in short interest in September. As of September 28th, there was short interest totalling 1,774,375 shares, a growth of 55.4% from the September 14th total of 1,141,646 shares. Based on an average daily volume of 631,774 shares, the short-interest ratio is currently 2.8 days.
Shares of NYSEARCA:EZA traded down $1.12 on Friday, reaching $51.88. 2,427,079 shares of the company traded hands, compared to its average volume of 598,270. iShares MSCI South Africa ETF has a 52 week low of $46.63 and a 52 week high of $76.53.
Several large investors have recently made changes to their positions in EZA. Highstreet Asset Management Inc. grew its stake in shares of iShares MSCI South Africa ETF by 29.6% in the third quarter. Highstreet Asset Management Inc. now owns 3,945 shares of the exchange traded fund’s stock worth $212,000 after purchasing an additional 900 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of iShares MSCI South Africa ETF in the third quarter worth about $563,000. Commonwealth Bank of Australia bought a new stake in shares of iShares MSCI South Africa ETF in the third quarter worth about $627,000. Hexavest Inc. grew its stake in shares of iShares MSCI South Africa ETF by 51.0% in the third quarter. Hexavest Inc. now owns 24,918 shares of the exchange traded fund’s stock worth $1,337,000 after purchasing an additional 8,417 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of iShares MSCI South Africa ETF in the second quarter worth about $2,130,000.
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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).
Further Reading: Initial Public Offering (IPO)
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