iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Down 90.4% in August

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 98,807 shares, a decline of 90.4% from the August 15th total of 1,034,165 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 503,616 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIA. Royal Bank of Canada increased its holdings in shares of iShares Asia 50 ETF by 168.7% during the first quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after purchasing an additional 15,321 shares during the period. Jones Financial Companies Lllp acquired a new stake in iShares Asia 50 ETF in the first quarter worth about $355,000. NewEdge Advisors LLC lifted its holdings in iShares Asia 50 ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock worth $503,000 after purchasing an additional 313 shares during the period. Raymond James Financial Inc. grew its position in iShares Asia 50 ETF by 7.6% in the 2nd quarter. Raymond James Financial Inc. now owns 13,700 shares of the company’s stock valued at $1,110,000 after buying an additional 966 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares Asia 50 ETF by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after buying an additional 14,134 shares during the period.

iShares Asia 50 ETF Stock Performance

Shares of NASDAQ:AIA traded up $2.10 during trading hours on Friday, hitting $141.51. The stock had a trading volume of 40,267 shares, compared to its average volume of 498,218. The stock’s fifty day simple moving average is $136.51 and its 200 day simple moving average is $129.21. iShares Asia 50 ETF has a 1-year low of $90.70 and a 1-year high of $150.83. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 13.81 and a beta of 0.89.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.