iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Large Growth in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 326,640 shares, an increase of 24.5% from the February 12th total of 262,322 shares. Based on an average daily volume of 150,597 shares, the short-interest ratio is currently 2.2 days. Currently, 1.9% of the shares of the stock are sold short. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 150,597 shares, the short-interest ratio is currently 2.2 days.

iShares MSCI Emerging Markets Asia ETF Stock Up 2.6%

NASDAQ:EEMA traded up $2.54 during trading hours on Monday, reaching $99.76. 253,022 shares of the company’s stock were exchanged, compared to its average volume of 275,598. The company has a market capitalization of $1.69 billion, a P/E ratio of 15.31 and a beta of 0.60. iShares MSCI Emerging Markets Asia ETF has a 12 month low of $63.50 and a 12 month high of $108.00. The business’s 50-day simple moving average is $101.18 and its two-hundred day simple moving average is $95.53.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the second quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after purchasing an additional 40,810 shares during the period. BNP Paribas Financial Markets increased its stake in iShares MSCI Emerging Markets Asia ETF by 166.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock worth $4,468,000 after purchasing an additional 30,420 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in iShares MSCI Emerging Markets Asia ETF in the 4th quarter worth about $2,196,000. Madison Asset Management LLC raised its holdings in iShares MSCI Emerging Markets Asia ETF by 6.2% during the 3rd quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock worth $36,397,000 after buying an additional 23,101 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in iShares MSCI Emerging Markets Asia ETF by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 79,150 shares of the company’s stock worth $6,534,000 after buying an additional 3,755 shares during the period.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.