iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Significant Drop in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 24,736 shares, a decline of 67.8% from the June 15th total of 76,723 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 477,416 shares, the days-to-cover ratio is currently 0.1 days.

iShares MSCI Emerging Markets Asia ETF Stock Performance

Shares of EEMA opened at $115.06 on Monday. iShares MSCI Emerging Markets Asia ETF has a 52 week low of $82.42 and a 52 week high of $122.73. The stock has a market capitalization of $885.96 million, a price-to-earnings ratio of 15.31 and a beta of 0.73. The stock has a fifty day moving average of $115.46 and a 200-day moving average of $105.69.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.3388 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Hedge funds have recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter worth about $41,000. Private Trust Co. NA raised its holdings in iShares MSCI Emerging Markets Asia ETF by 226.9% in the 4th quarter. Private Trust Co. NA now owns 742 shares of the company’s stock valued at $70,000 after buying an additional 515 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in iShares MSCI Emerging Markets Asia ETF by 76.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock valued at $287,000 after buying an additional 1,323 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in iShares MSCI Emerging Markets Asia ETF during the 4th quarter worth approximately $2,196,000. Finally, JPMorgan Chase & Co. boosted its position in iShares MSCI Emerging Markets Asia ETF by 5,529.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after buying an additional 40,810 shares during the period.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.