iShares MSCI South Africa ETF (NYSEARCA:EZA) Stock Price Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of iShares MSCI South Africa ETF (NYSEARCA:EZA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.41 and traded as low as $42.49. iShares MSCI South Africa ETF shares last traded at $42.71, with a volume of 231,715 shares changing hands.

iShares MSCI South Africa ETF Stock Down 1.5 %

The business’s 50-day simple moving average is $44.90 and its two-hundred day simple moving average is $46.41. The firm has a market cap of $269.07 million, a price-to-earnings ratio of 9.23 and a beta of 1.16.

Hedge Funds Weigh In On iShares MSCI South Africa ETF

A number of hedge funds have recently made changes to their positions in EZA. Polianta Ltd boosted its stake in iShares MSCI South Africa ETF by 3.8% during the 4th quarter. Polianta Ltd now owns 144,000 shares of the exchange traded fund’s stock worth $6,035,000 after purchasing an additional 5,300 shares during the period. Innealta Capital LLC acquired a new stake in shares of iShares MSCI South Africa ETF during the third quarter worth about $1,174,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares MSCI South Africa ETF during the third quarter worth about $985,000. Flow Traders U.S. LLC acquired a new position in iShares MSCI South Africa ETF in the 3rd quarter valued at about $434,000. Finally, Sunbelt Securities Inc. purchased a new stake in iShares MSCI South Africa ETF during the 3rd quarter valued at approximately $220,000.

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).