Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Sees Significant Growth in Short Interest

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEAGet Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 37,120 shares, a growth of 145.4% from the August 15th total of 15,125 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 19,929 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in 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 bought a new position in shares of Global X FTSE Southeast Asia ETF in the fourth quarter valued at $56,000. Kestra Advisory Services LLC acquired a new position in shares of Global X FTSE Southeast Asia ETF during the fourth quarter valued at about $57,000. Bank of America Corp DE raised its holdings 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 worth $122,000 after acquiring an additional 3,548 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in Global X FTSE Southeast Asia ETF in the 4th quarter valued at about $126,000.

Global X FTSE Southeast Asia ETF Trading Up 0.0%

NYSEARCA ASEA traded up $0.01 on Monday, hitting $21.65. 20,507 shares of the company were exchanged, compared to its average volume of 39,273. The company has a market cap of $102.84 million, a PE ratio of 12.26 and a beta of 0.43. The stock has a fifty day moving average of $21.27 and a 200-day moving average of $20.27. Global X FTSE Southeast Asia ETF has a 12 month low of $16.83 and a 12 month high of $22.06.

About Global X FTSE Southeast Asia ETF

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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.

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