Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Shares Shorted: Short Interest Down 64.0% in October

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 19,803 shares, a decline of 64.0% from the September 30th total of 55,035 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 42,055 shares, the days-to-cover ratio is currently 0.5 days.

Global X FTSE Southeast Asia ETF Stock Performance

Global X FTSE Southeast Asia ETF stock traded down $0.08 during midday trading on Thursday, hitting $19.97. 5,572 shares of the company were exchanged, compared to its average volume of 37,232. Global X FTSE Southeast Asia ETF has a fifty-two week low of $17.61 and a fifty-two week high of $22.06. The business has a fifty day simple moving average of $21.03 and a two-hundred day simple moving average of $20.24. The firm has a market capitalization of $93.06 million, a PE ratio of 12.26 and a beta of 0.43.

Institutional Trading of Global X FTSE Southeast Asia ETF

A number of hedge funds have recently added to or reduced their stakes in ASEA. Boothe Investment Group Inc. boosted its position in shares of Global X FTSE Southeast Asia ETF by 4.7% in the 3rd quarter. Boothe Investment Group Inc. now owns 790,544 shares of the company’s stock valued at $16,570,000 after purchasing an additional 35,502 shares during the period. Royal Bank of Canada increased its position in 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. Harmony Asset Management LLC acquired a new position in Global X FTSE Southeast Asia ETF during the first quarter worth approximately $203,000. Bank of America Corp DE boosted its holdings in shares of Global X FTSE Southeast Asia ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 41,281 shares of the company’s stock valued at $802,000 after acquiring an additional 5,827 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Global X FTSE Southeast Asia ETF by 2.6% in the first quarter. Cetera Investment Advisers now owns 139,842 shares of the company’s stock valued at $2,717,000 after acquiring an additional 3,606 shares during the period.

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.