Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Sees Large Drop in Short Interest

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 19,803 shares, a drop of 64.0% from the September 30th total of 55,035 shares. Based on an average daily volume of 42,055 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Global X FTSE Southeast Asia ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boothe Investment Group Inc. increased its stake in Global X FTSE Southeast Asia ETF by 4.7% in the 3rd quarter. Boothe Investment Group Inc. now owns 790,544 shares of the company’s stock valued at $16,570,000 after buying an additional 35,502 shares during the period. Bank of America Corp DE increased its position in Global X FTSE Southeast Asia ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 41,281 shares of the company’s stock worth $802,000 after purchasing an additional 5,827 shares during the period. Royal Bank of Canada raised its stake in shares of Global X FTSE Southeast Asia ETF by 51.4% during the 1st quarter. Royal Bank of Canada now owns 86,919 shares of the company’s stock worth $1,688,000 after buying an additional 29,507 shares in the last quarter. Cetera Investment Advisers increased its holdings in Global X FTSE Southeast Asia ETF by 2.6% in the first quarter. Cetera Investment Advisers now owns 139,842 shares of the company’s stock valued at $2,717,000 after buying an additional 3,606 shares in the last quarter. Finally, Harmony Asset Management LLC acquired a new stake in shares of Global X FTSE Southeast Asia ETF in the first quarter valued at approximately $203,000.

Global X FTSE Southeast Asia ETF Stock Performance

NYSEARCA ASEA traded down $0.08 during trading on Thursday, reaching $19.97. The company’s stock had a trading volume of 5,572 shares, compared to its average volume of 37,232. The business’s fifty day moving average price is $21.03 and its 200-day moving average price is $20.24. Global X FTSE Southeast Asia ETF has a twelve month low of $17.61 and a twelve month high of $22.06. The firm has a market cap of $93.06 million, a price-to-earnings ratio of 12.26 and a beta of 0.43.

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.