Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 15,125 shares, a drop of 77.6% from the July 30th total of 67,667 shares. Based on an average trading volume of 20,054 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASEA. EFG International AG bought a new position in Global X FTSE Southeast Asia ETF in the 4th quarter worth $39,000. Colonial Trust Advisors purchased a new position in Global X FTSE Southeast Asia ETF in the 4th quarter worth approximately $56,000. Kestra Advisory Services LLC bought a new position in Global X FTSE Southeast Asia ETF in the 4th quarter worth approximately $57,000. 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 valued at $122,000 after buying an additional 3,548 shares in 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
ASEA stock traded down $0.17 during trading on Thursday, hitting $21.52. 13,314 shares of the stock traded hands, compared to its average volume of 40,361. The stock has a market cap of $102.22 million, a price-to-earnings ratio of 12.26 and a beta of 0.43. Global X FTSE Southeast Asia ETF has a 1 year low of $16.83 and a 1 year high of $21.78. The firm’s 50 day moving average is $20.84 and its two-hundred day moving average is $20.14.
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.
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