Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 15,125 shares, a decline of 77.6% from the July 30th total of 67,667 shares. Based on an average trading volume of 20,054 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EFG International AG bought a new position in shares of Global X FTSE Southeast Asia ETF during the 4th quarter valued at approximately $39,000. Colonial Trust Advisors bought a new position in Global X FTSE Southeast Asia ETF during the 4th quarter valued at about $56,000. Kestra Advisory Services LLC purchased a new stake in shares of Global X FTSE Southeast Asia ETF in the fourth quarter worth approximately $57,000. Bank of America Corp DE grew its holdings in shares of Global X FTSE Southeast Asia ETF by 90.6% in the second quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after purchasing an additional 3,548 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Global X FTSE Southeast Asia ETF during the fourth quarter valued at approximately $126,000.
Global X FTSE Southeast Asia ETF Price Performance
Shares of NYSEARCA ASEA traded down $0.17 during midday trading on Thursday, reaching $21.52. 13,314 shares of the stock traded hands, compared to its average volume of 40,361. The stock has a market capitalization of $102.22 million, a PE ratio of 12.26 and a beta of 0.43. The company’s 50 day moving average is $20.84 and its 200 day moving average is $20.14. Global X FTSE Southeast Asia ETF has a one year low of $16.83 and a one year high of $21.78.
About Global X FTSE Southeast Asia ETF
The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.
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