iShares MSCI South Africa ETF (NYSEARCA:EZA) Share Price Pass Above 50-Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $43.74 and traded as high as $46.28. iShares MSCI South Africa ETF shares last traded at $46.06, with a volume of 67,880 shares changing hands.

iShares MSCI South Africa ETF Trading Down 1.1 %

The firm has a market capitalization of $290.18 million, a PE ratio of 9.23 and a beta of 1.16. The business has a 50 day moving average price of $43.74 and a 200-day moving average price of $46.61.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

A number of large investors have recently modified their holdings of EZA. OLD Mission Capital LLC purchased a new position in shares of iShares MSCI South Africa ETF during the 4th quarter worth approximately $1,411,000. Innealta Capital LLC purchased a new position in iShares MSCI South Africa ETF in the 3rd quarter valued at approximately $1,174,000. Janney Montgomery Scott LLC purchased a new position in iShares MSCI South Africa ETF in the 3rd quarter valued at approximately $985,000. SBI Securities Co. Ltd. purchased a new position in iShares MSCI South Africa ETF in the 4th quarter valued at approximately $402,000. Finally, Flow Traders U.S. LLC acquired a new stake in iShares MSCI South Africa ETF during the 3rd quarter valued at $434,000.

About iShares MSCI South Africa ETF

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).