Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Expands By 97.8%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 88,181 shares, an increase of 97.8% from the February 26th total of 44,592 shares. Based on an average trading volume of 60,764 shares, the short-interest ratio is presently 1.5 days. Approximately 1.9% of the shares of the company are short sold.

Global X FTSE Southeast Asia ETF Trading Down 0.3%

Global X FTSE Southeast Asia ETF stock traded down $0.05 during midday trading on Friday, reaching $19.11. 21,594 shares of the stock traded hands, compared to its average volume of 61,368. Global X FTSE Southeast Asia ETF has a fifty-two week low of $13.68 and a fifty-two week high of $20.70. The firm has a market cap of $86.95 million, a price-to-earnings ratio of 12.26 and a beta of 0.58. The firm has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $18.53.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ASEA. Corecam Pte. Ltd. bought a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at about $808,000. ES4 LLC bought a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter worth about $595,000. Moneco Advisors LLC bought a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter worth about $550,000. Jane Street Group LLC acquired a new stake in shares of Global X FTSE Southeast Asia ETF in the 4th quarter worth approximately $532,000. Finally, Boothe Investment Group Inc. lifted its stake in shares of Global X FTSE Southeast Asia ETF by 2.8% in the 4th quarter. Boothe Investment Group Inc. now owns 751,426 shares of the company’s stock worth $13,773,000 after acquiring an additional 20,554 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.