iShares Asia 50 ETF (NASDAQ:AIA) Shares Shorted: Short Interest Up 91.1% in October

iShares Asia 50 ETF (NASDAQ:AIA) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 540,330 shares, an increase of 91.1% from the September 30th total of 282,757 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 396,820 shares, the days-to-cover ratio is presently 1.4 days.

iShares Asia 50 ETF Stock Down 3.5%

Shares of NASDAQ:AIA opened at $126.95 on Friday. The firm has a 50 day moving average of $138.26 and a 200 day moving average of $127.97. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 13.81 and a beta of 0.87. iShares Asia 50 ETF has a 52 week low of $90.95 and a 52 week high of $150.83.

Institutional Trading of iShares Asia 50 ETF

A number of institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC purchased a new stake in iShares Asia 50 ETF in the third quarter valued at approximately $11,806,000. TD Waterhouse Canada Inc. boosted its holdings in shares of iShares Asia 50 ETF by 58,737.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 77,077 shares of the company’s stock valued at $10,518,000 after acquiring an additional 76,946 shares during the last quarter. City of London Investment Management Co. Ltd. acquired a new stake in shares of iShares Asia 50 ETF in the third quarter worth $5,502,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares Asia 50 ETF in the third quarter worth $5,000,000. Finally, Elite Wealth Management Inc. purchased a new position in shares of iShares Asia 50 ETF during the first quarter worth $4,169,000.

iShares Asia 50 ETF Company Profile

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.