Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Sees Large Decrease in Short Interest

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

Global X FTSE Southeast Asia ETF Stock Performance

ASEA opened at $21.41 on Friday. The firm has a market cap of $101.70 million, a P/E ratio of 12.26 and a beta of 0.43. Global X FTSE Southeast Asia ETF has a 52-week low of $16.83 and a 52-week high of $21.78. The business’s fifty day moving average is $20.88 and its 200-day moving average is $20.16.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. EFG International AG acquired a new stake in Global X FTSE Southeast Asia ETF in the fourth quarter valued at approximately $39,000. Colonial Trust Advisors acquired a new position in shares of Global X FTSE Southeast Asia ETF during the fourth quarter worth $56,000. Kestra Advisory Services LLC bought a new position in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at $57,000. Bank of America Corp DE lifted its stake in shares of Global X FTSE Southeast Asia ETF by 90.6% in the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock valued at $122,000 after acquiring an additional 3,548 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Global X FTSE Southeast Asia ETF during the 4th quarter valued at $126,000.

About Global X FTSE Southeast Asia ETF

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.