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

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 47,324 shares, a decline of 52.4% from the June 15th total of 99,404 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 22,482 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Global X FTSE Southeast Asia ETF

Hedge funds have recently modified their holdings of the stock. Corecam Pte. Ltd. acquired a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter worth approximately $808,000. ES4 LLC acquired a new stake in Global X FTSE Southeast Asia ETF during the 4th quarter worth approximately $595,000. Moneco Advisors LLC bought a new stake in Global X FTSE Southeast Asia ETF in the 4th quarter valued at $550,000. Royal Bank of Canada boosted its position in shares of Global X FTSE Southeast Asia ETF by 51.4% during the first 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 during the period. Finally, Jane Street Group LLC acquired a new position in Global X FTSE Southeast Asia ETF during the 4th quarter worth approximately $532,000.

Global X FTSE Southeast Asia ETF Stock Up 0.1%

NYSEARCA ASEA opened at $20.68 on Tuesday. The company’s 50-day simple moving average is $19.97 and its 200 day simple moving average is $19.63. Global X FTSE Southeast Asia ETF has a twelve month low of $16.30 and a twelve month high of $20.75. The stock has a market cap of $96.78 million, a P/E 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.