iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Up 2,518.4% in July

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,055,824 shares, a growth of 2,518.4% from the July 15th total of 40,323 shares. Based on an average daily volume of 526,343 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.0% of the company’s stock are short sold.

iShares Asia 50 ETF Price Performance

Shares of iShares Asia 50 ETF stock traded up $1.33 during trading on Tuesday, hitting $135.90. 147,456 shares of the company’s stock traded hands, compared to its average volume of 506,493. iShares Asia 50 ETF has a 1 year low of $83.48 and a 1 year high of $150.83. The stock has a market capitalization of $4.76 billion, a P/E ratio of 13.81 and a beta of 0.88. The business has a 50-day simple moving average of $137.25 and a 200-day simple moving average of $124.79.

iShares Asia 50 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.5145 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC bought a new position in shares of iShares Asia 50 ETF during the 4th quarter valued at $772,000. UBS Group AG grew its holdings in shares of iShares Asia 50 ETF by 10.6% in the fourth quarter. UBS Group AG now owns 41,896 shares of the company’s stock worth $4,085,000 after acquiring an additional 4,003 shares during the period. Aurora Private Wealth Inc. bought a new stake in shares of iShares Asia 50 ETF in the first quarter worth $584,000. Elite Wealth Management Inc. purchased a new stake in iShares Asia 50 ETF during the first quarter valued at $4,169,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in iShares Asia 50 ETF during the first quarter valued at $752,000.

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.