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 target of a large growth in short interest in the month of 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 shares of the company are sold short. Based on an average trading volume of 26,842 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASEA. Corecam Pte. Ltd. bought a new stake in Global X FTSE Southeast Asia ETF in the 4th quarter worth approximately $808,000. ES4 LLC purchased a new stake in Global X FTSE Southeast Asia ETF during the 4th quarter valued at $595,000. Royal Bank of Canada raised its stake in 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 valued at $1,688,000 after buying an additional 29,507 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 valued at $802,000 after buying an additional 5,827 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Global X FTSE Southeast Asia ETF by 2.6% during the 1st 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 during the period.

Global X FTSE Southeast Asia ETF Stock Down 1.1%

Shares of NYSEARCA ASEA opened at $20.96 on Thursday. The firm’s 50-day moving average price is $21.40 and its 200-day moving average price is $20.41. The company has a market cap of $100.40 million, a PE ratio of 12.26 and a beta of 0.43. Global X FTSE Southeast Asia ETF has a 52-week low of $16.83 and a 52-week high of $22.06.

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.