Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Trading Down 0.6% – Time to Sell?

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA)’s share price dropped 0.6% during trading on Thursday . The stock traded as low as $19.71 and last traded at $19.75. Approximately 24,483 shares were traded during trading, a decline of 53% from the average daily volume of 51,860 shares. The stock had previously closed at $19.86.

Global X FTSE Southeast Asia ETF Stock Down 0.6%

The stock has a market capitalization of $96.38 million, a price-to-earnings ratio of 12.26 and a beta of 0.43. The company’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $18.99.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of Global X FTSE Southeast Asia ETF by 17.4% in the second quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock valued at $892,000 after purchasing an additional 8,096 shares during the last quarter. Bank of America Corp DE grew its position in shares of Global X FTSE Southeast Asia ETF by 90.6% in the second quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock valued at $122,000 after purchasing an additional 3,548 shares during the last quarter. Barry Investment Advisors LLC grew its position in shares of Global X FTSE Southeast Asia ETF by 0.7% in the third quarter. Barry Investment Advisors LLC now owns 100,298 shares of the company’s stock valued at $1,714,000 after purchasing an additional 719 shares during the last quarter. Boothe Investment Group Inc. grew its position in shares of Global X FTSE Southeast Asia ETF by 1.3% in the third quarter. Boothe Investment Group Inc. now owns 730,872 shares of the company’s stock valued at $12,494,000 after purchasing an additional 9,700 shares during the last quarter. Finally, Algorithmic Investment Models LLC grew its position in shares of Global X FTSE Southeast Asia ETF by 5.0% in the third quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,961 shares during the last quarter.

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.