Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Sees Large Drop in Short Interest

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEAGet Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 47,324 shares, a drop of 52.4% from the June 15th total of 99,404 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 22,482 shares, the days-to-cover ratio is presently 2.1 days.

Global X FTSE Southeast Asia ETF Stock Performance

Global X FTSE Southeast Asia ETF stock opened at $20.68 on Tuesday. Global X FTSE Southeast Asia ETF has a 52 week low of $16.30 and a 52 week high of $20.75. The firm has a market capitalization of $96.78 million, a PE ratio of 12.26 and a beta of 0.43. The business’s 50-day simple moving average is $19.97 and its 200-day simple moving average is $19.63.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EFG International AG bought a new stake in shares of Global X FTSE Southeast Asia ETF in the fourth quarter valued at approximately $39,000. Colonial Trust Advisors bought a new position in Global X FTSE Southeast Asia ETF during the fourth quarter worth $56,000. Kestra Advisory Services LLC bought a new position in Global X FTSE Southeast Asia ETF during the fourth quarter worth $57,000. TD Waterhouse Canada Inc. acquired a new position in Global X FTSE Southeast Asia ETF during the 4th quarter valued at $80,000. Finally, CIBC Private Wealth Group LLC acquired a new position in Global X FTSE Southeast Asia ETF during the 4th quarter valued at $126,000.

Global X FTSE Southeast Asia ETF Company Profile

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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.

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