Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Increases By 97.8%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 88,181 shares, a growth of 97.8% from the February 26th total of 44,592 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,764 shares, the days-to-cover ratio is presently 1.5 days.

Global X FTSE Southeast Asia ETF Stock Performance

Shares of Global X FTSE Southeast Asia ETF stock traded down $0.30 on Thursday, reaching $19.15. 21,986 shares of the stock were exchanged, compared to its average volume of 61,983. The firm has a market cap of $87.13 million, a PE ratio of 12.26 and a beta of 0.58. The firm’s 50 day moving average is $19.64 and its 200-day moving average is $18.52. Global X FTSE Southeast Asia ETF has a one year low of $13.68 and a one year high of $20.70.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

A number of large investors have recently modified their holdings of ASEA. EFG International AG bought a new position in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at $39,000. Colonial Trust Advisors bought a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter worth $56,000. Kestra Advisory Services LLC acquired a new stake in Global X FTSE Southeast Asia ETF in the fourth quarter valued at about $57,000. TD Waterhouse Canada Inc. acquired a new stake in Global X FTSE Southeast Asia ETF in the fourth quarter valued at about $80,000. Finally, CIBC Private Wealth Group LLC bought a new position in Global X FTSE Southeast Asia ETF in the fourth quarter valued at about $126,000.

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.