Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Short Interest Up 145.4% in August

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 19,929 shares, the short-interest ratio is currently 1.9 days. Approximately 0.8% of the company’s stock are sold short.

Global X FTSE Southeast Asia ETF Stock Performance

Shares of ASEA stock traded up $0.05 during mid-day trading on Friday, hitting $21.64. 18,619 shares of the stock were exchanged, compared to its average volume of 39,381. The stock’s fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $20.27. The stock has a market capitalization of $102.79 million, a price-to-earnings ratio of 12.26 and a beta of 0.43. Global X FTSE Southeast Asia ETF has a 12-month low of $16.83 and a 12-month high of $22.06.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EFG International AG purchased a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at approximately $39,000. Colonial Trust Advisors purchased a new position in shares of Global X FTSE Southeast Asia ETF during the fourth quarter valued at approximately $56,000. Kestra Advisory Services LLC acquired a new stake in shares of Global X FTSE Southeast Asia ETF during the fourth quarter worth $57,000. Bank of America Corp DE grew its holdings in Global X FTSE Southeast Asia ETF by 90.6% in the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock valued at $122,000 after buying an additional 3,548 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in Global X FTSE Southeast Asia ETF during the fourth quarter worth approximately $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.