iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Large Increase in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMAGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 4,600 shares, an increase of 9.5% from the May 15th total of 4,200 shares. Based on an average daily trading volume, of 33,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. bought a new stake in iShares MSCI Emerging Markets Asia ETF during the 1st quarter worth about $132,000. BNP Paribas Financial Markets bought a new stake in iShares MSCI Emerging Markets Asia ETF during the 1st quarter worth about $602,000. Nicholas Hoffman & Company LLC. raised its holdings in iShares MSCI Emerging Markets Asia ETF by 5.3% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 70,103 shares of the company’s stock worth $4,775,000 after purchasing an additional 3,558 shares during the last quarter. Madison Asset Management LLC raised its holdings in iShares MSCI Emerging Markets Asia ETF by 182.2% during the 4th quarter. Madison Asset Management LLC now owns 248,432 shares of the company’s stock worth $16,424,000 after purchasing an additional 160,407 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in iShares MSCI Emerging Markets Asia ETF during the 4th quarter worth about $29,000.

iShares MSCI Emerging Markets Asia ETF Trading Up 0.9 %

NASDAQ EEMA traded up $0.64 on Monday, hitting $72.79. 27,755 shares of the company were exchanged, compared to its average volume of 42,681. The firm has a 50 day moving average of $70.28 and a two-hundred day moving average of $67.21. The company has a market cap of $436.74 million, a P/E ratio of 13.33 and a beta of 0.69. iShares MSCI Emerging Markets Asia ETF has a 1-year low of $60.36 and a 1-year high of $73.64.

iShares MSCI Emerging Markets Asia ETF Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 11th will be given a dividend of $0.2475 per share. The ex-dividend date is Tuesday, June 11th.

About iShares MSCI Emerging Markets Asia ETF

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The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.

Further Reading

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