Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Stock Price Up 1.7% – Here’s Why

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA)’s share price shot up 1.7% during mid-day trading on Monday . The company traded as high as $18.80 and last traded at $18.80. 49,578 shares were traded during trading, an increase of 73% from the average session volume of 28,686 shares. The stock had previously closed at $18.48.

Global X FTSE Southeast Asia ETF Stock Up 1.7%

The stock’s 50-day moving average price is $17.96 and its 200 day moving average price is $17.31. The company has a market cap of $72.00 million, a P/E ratio of 12.26 and a beta of 0.58.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barry Investment Advisors LLC grew its holdings in shares of Global X FTSE Southeast Asia ETF by 12.4% during the second quarter. Barry Investment Advisors LLC now owns 99,579 shares of the company’s stock worth $1,659,000 after purchasing an additional 10,948 shares during the last quarter. Boothe Investment Group Inc. raised its holdings in shares of Global X FTSE Southeast Asia ETF by 1.3% in the third quarter. Boothe Investment Group Inc. now owns 730,872 shares of the company’s stock valued at $12,494,000 after buying an additional 9,700 shares during the last quarter. Jane Street Group LLC lifted its position in Global X FTSE Southeast Asia ETF by 17.4% during the 2nd quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock worth $892,000 after buying an additional 8,096 shares in the last quarter. Cetera Investment Advisers grew its holdings in Global X FTSE Southeast Asia ETF by 3.2% during the 2nd quarter. Cetera Investment Advisers now owns 116,914 shares of the company’s stock worth $1,907,000 after acquiring an additional 3,634 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Global X FTSE Southeast Asia ETF by 90.6% during the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after acquiring an additional 3,548 shares during the last quarter.

Global X FTSE Southeast Asia ETF Company Profile

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.