Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Increases By 145.4%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 37,120 shares, an increase of 145.4% from the August 15th total of 15,125 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 19,929 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in Global X FTSE Southeast Asia ETF by 17.4% during the 2nd quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock worth $892,000 after buying an additional 8,096 shares in the last quarter. Bank of America Corp DE raised its position in 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 period. Moneco Advisors LLC purchased a new position in Global X FTSE Southeast Asia ETF during the fourth quarter worth about $550,000. Colonial Trust Advisors acquired a new stake in Global X FTSE Southeast Asia ETF in the 4th quarter valued at approximately $56,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at $126,000.

Global X FTSE Southeast Asia ETF Stock Up 0.2%

Shares of NYSEARCA:ASEA traded up $0.05 during trading on Friday, hitting $21.64. 18,619 shares of the stock traded hands, compared to its average volume of 39,381. Global X FTSE Southeast Asia ETF has a 52-week low of $16.83 and a 52-week high of $22.06. The company has a fifty day moving average price of $21.27 and a two-hundred day moving average price of $20.27. The company has a market cap of $102.79 million, a price-to-earnings ratio of 12.26 and a beta of 0.43.

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.