iShares MSCI South Africa ETF (NYSEARCA:EZA) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

iShares MSCI South Africa ETF (NYSEARCA:EZA)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.47 and traded as low as $42.92. iShares MSCI South Africa ETF shares last traded at $43.37, with a volume of 83,505 shares.

iShares MSCI South Africa ETF Price Performance

The firm has a market capitalization of $272.41 million, a PE ratio of 9.23 and a beta of 1.16. The firm’s fifty day moving average is $48.06 and its two-hundred day moving average is $46.49.

Institutional Investors Weigh In On iShares MSCI South Africa ETF

Hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. bought a new position in iShares MSCI South Africa ETF during the third quarter worth about $212,000. Sunbelt Securities Inc. bought a new position in iShares MSCI South Africa ETF in the 3rd quarter worth approximately $220,000. Flow Traders U.S. LLC purchased a new position in iShares MSCI South Africa ETF in the 3rd quarter valued at approximately $434,000. Mount Lucas Management LP purchased a new position in iShares MSCI South Africa ETF in the 2nd quarter valued at approximately $863,000. Finally, Janney Montgomery Scott LLC bought a new stake in iShares MSCI South Africa ETF during the 3rd quarter valued at $985,000.

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).