Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Short Interest Update

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 37,120 shares, an increase of 145.4% from the August 15th total of 15,125 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 19,929 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harmony Asset Management LLC purchased a new stake in shares of Global X FTSE Southeast Asia ETF during the first quarter worth about $203,000. Moneco Advisors LLC purchased a new position in Global X FTSE Southeast Asia ETF during the 4th quarter valued at about $550,000. ES4 LLC bought a new position in Global X FTSE Southeast Asia ETF during the 4th quarter valued at approximately $595,000. Bank of America Corp DE lifted its holdings in Global X FTSE Southeast Asia ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 41,281 shares of the company’s stock worth $802,000 after buying an additional 5,827 shares during the period. Finally, Corecam Pte. Ltd. purchased a new stake in Global X FTSE Southeast Asia ETF in the 4th quarter worth approximately $808,000.

Global X FTSE Southeast Asia ETF Price Performance

Shares of ASEA traded down $0.30 during midday trading on Tuesday, hitting $21.30. 10,634 shares of the company traded hands, compared to its average volume of 39,182. Global X FTSE Southeast Asia ETF has a one year low of $16.83 and a one year high of $22.06. The firm has a market cap of $101.20 million, a P/E ratio of 12.26 and a beta of 0.43. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $20.27.

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.