Global X Southeast Asia ETF (NYSEARCA:ASEA) Trading 0.4% Higher – What’s Next?

Global X Southeast Asia ETF (NYSEARCA:ASEA)’s share price rose 0.4% on Tuesday . The stock traded as high as $16.87 and last traded at $16.87. Approximately 11,542 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 28,404 shares. The stock had previously closed at $16.79.

Global X Southeast Asia ETF Stock Performance

The stock has a market cap of $49.60 million, a price-to-earnings ratio of 13.58 and a beta of 0.54. The company’s 50 day simple moving average is $17.12 and its two-hundred day simple moving average is $15.92.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Global X Southeast Asia ETF by 4.8% during the 2nd quarter. Cetera Investment Advisers now owns 77,151 shares of the company’s stock worth $1,120,000 after purchasing an additional 3,565 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Global X Southeast Asia ETF by 584.8% during the 3rd quarter. Jane Street Group LLC now owns 170,046 shares of the company’s stock worth $2,945,000 after purchasing an additional 145,214 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Global X Southeast Asia ETF during the 3rd quarter worth $431,000.

Global X Southeast Asia ETF Company Profile

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.