iShares Asia 50 ETF (NASDAQ:AIA) Sees Large Growth in Short Interest

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 540,330 shares, a growth of 91.1% from the September 30th total of 282,757 shares. Based on an average daily trading volume, of 396,820 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.5% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Asia 50 ETF

Several institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new position in shares of iShares Asia 50 ETF in the 1st quarter valued at $61,000. Optiver Holding B.V. acquired a new stake in iShares Asia 50 ETF during the first quarter valued at $74,000. Assetmark Inc. increased its holdings in iShares Asia 50 ETF by 23.5% in the first quarter. Assetmark Inc. now owns 942 shares of the company’s stock valued at $100,000 after buying an additional 179 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in iShares Asia 50 ETF in the second quarter valued at $60,000. Finally, Evergreen Capital Management LLC purchased a new position in iShares Asia 50 ETF in the third quarter valued at $217,000.

iShares Asia 50 ETF Stock Down 3.5%

iShares Asia 50 ETF stock opened at $126.95 on Friday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 13.81 and a beta of 0.87. iShares Asia 50 ETF has a 52 week low of $90.95 and a 52 week high of $150.83. The business’s 50-day moving average price is $138.26 and its 200 day moving average price is $127.97.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.