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

iShares Asia 50 ETF (NASDAQ:AIA) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 152,198 shares, a growth of 446.0% from the March 31st total of 27,873 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 299,009 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several large investors have recently modified their holdings of AIA. Royal Bank of Canada boosted its holdings in shares of iShares Asia 50 ETF by 168.7% in the first quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock valued at $1,766,000 after acquiring an additional 15,321 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of iShares Asia 50 ETF in the first quarter valued at approximately $355,000. NewEdge Advisors LLC boosted its holdings in shares of iShares Asia 50 ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 6,200 shares of the company’s stock valued at $503,000 after acquiring an additional 313 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of iShares Asia 50 ETF by 7.6% in the second quarter. Raymond James Financial Inc. now owns 13,700 shares of the company’s stock valued at $1,110,000 after acquiring an additional 966 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares Asia 50 ETF by 11.9% in the second quarter. Ameriprise Financial Inc. now owns 132,423 shares of the company’s stock valued at $10,735,000 after acquiring an additional 14,134 shares during the period.

iShares Asia 50 ETF Stock Up 3.1%

Shares of iShares Asia 50 ETF stock opened at $123.66 on Friday. The firm has a market capitalization of $3.94 billion, a P/E ratio of 13.81 and a beta of 0.74. iShares Asia 50 ETF has a 52 week low of $68.90 and a 52 week high of $123.97. The firm’s 50 day moving average is $112.33 and its two-hundred day moving average is $104.38.

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.