Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Decreases By 77.6%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 15,125 shares, a drop of 77.6% from the July 30th total of 67,667 shares. Based on an average trading volume of 20,054 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Global X FTSE Southeast Asia ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. EFG International AG purchased a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter valued at approximately $39,000. Colonial Trust Advisors purchased a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at approximately $56,000. Kestra Advisory Services LLC bought a new stake in Global X FTSE Southeast Asia ETF during the 4th quarter valued at $57,000. CIBC Private Wealth Group LLC bought a new stake in Global X FTSE Southeast Asia ETF during the 4th quarter valued at $126,000. Finally, Bank of America Corp DE lifted its position in shares of Global X FTSE Southeast Asia ETF by 90.6% during the second quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after acquiring an additional 3,548 shares in the last quarter.

Global X FTSE Southeast Asia ETF Stock Down 0.6%

Global X FTSE Southeast Asia ETF stock traded down $0.14 during midday trading on Friday, reaching $21.41. The stock had a trading volume of 14,902 shares, compared to its average volume of 40,218. The firm has a market capitalization of $101.70 million, a PE ratio of 12.26 and a beta of 0.43. Global X FTSE Southeast Asia ETF has a 12 month low of $16.83 and a 12 month high of $21.78. The firm’s 50-day moving average price is $20.86 and its 200 day moving average price is $20.15.

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.