Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Shares Shorted: Short Interest Down 64.0% in October

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 19,803 shares, a decrease of 64.0% from the September 30th total of 55,035 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 42,055 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Boothe Investment Group Inc. boosted its stake in Global X FTSE Southeast Asia ETF by 4.7% during the third quarter. Boothe Investment Group Inc. now owns 790,544 shares of the company’s stock worth $16,570,000 after buying an additional 35,502 shares during the period. Cetera Investment Advisers grew its holdings in shares of Global X FTSE Southeast Asia ETF by 2.6% during the first quarter. Cetera Investment Advisers now owns 139,842 shares of the company’s stock worth $2,717,000 after buying an additional 3,606 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Global X FTSE Southeast Asia ETF by 51.4% in the 1st quarter. Royal Bank of Canada now owns 86,919 shares of the company’s stock worth $1,688,000 after acquiring an additional 29,507 shares during the period. Bank of America Corp DE raised its position in Global X FTSE Southeast Asia ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 41,281 shares of the company’s stock worth $802,000 after acquiring an additional 5,827 shares in the last quarter. Finally, ES4 LLC boosted its position in shares of Global X FTSE Southeast Asia ETF by 2.0% in the 1st quarter. ES4 LLC now owns 33,130 shares of the company’s stock worth $644,000 after buying an additional 642 shares in the last quarter.

Global X FTSE Southeast Asia ETF Stock Performance

Global X FTSE Southeast Asia ETF stock traded down $0.18 during trading on Friday, reaching $19.79. The company had a trading volume of 40,528 shares, compared to its average volume of 37,262. The firm has a market capitalization of $92.23 million, a PE ratio of 12.26 and a beta of 0.43. The firm’s 50-day simple moving average is $21.00 and its 200 day simple moving average is $20.24. Global X FTSE Southeast Asia ETF has a 1-year low of $17.61 and a 1-year high of $22.06.

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.