Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Shares Shorted: Short Interest Up 98.1% in September

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 73,520 shares, a growth of 98.1% from the August 31st total of 37,120 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 26,842 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ASEA. Harmony Asset Management LLC acquired a new position in Global X FTSE Southeast Asia ETF in the first quarter valued at $203,000. ES4 LLC purchased a new stake in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at about $595,000. Bank of America Corp DE lifted its holdings in shares of 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 valued at $802,000 after purchasing an additional 5,827 shares during the last quarter. Corecam Pte. Ltd. acquired a new stake in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at about $808,000. Finally, Royal Bank of Canada boosted its position in shares of Global X FTSE Southeast Asia ETF by 51.4% in the 1st quarter. Royal Bank of Canada now owns 86,919 shares of the company’s stock valued at $1,688,000 after purchasing an additional 29,507 shares during the period.

Global X FTSE Southeast Asia ETF Stock Down 0.8%

Global X FTSE Southeast Asia ETF stock traded down $0.17 during mid-day trading on Wednesday, hitting $21.02. The company had a trading volume of 7,810 shares, compared to its average volume of 38,262. Global X FTSE Southeast Asia ETF has a 1 year low of $16.83 and a 1 year high of $22.06. The business has a fifty day moving average of $21.41 and a 200 day moving average of $20.39. The stock has a market cap of $100.71 million, a price-to-earnings ratio of 12.26 and a beta of 0.43.

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.