iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Large Increase in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 106,600 shares, a growth of 11.0% from the October 31st total of 96,000 shares. Based on an average daily volume of 59,900 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Several hedge funds have recently made changes to their positions in EEMA. Cahill Financial Advisors Inc. bought a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter valued at $204,000. Kovitz Investment Group Partners LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the 3rd quarter valued at about $209,000. BNP Paribas Financial Markets purchased a new stake in iShares MSCI Emerging Markets Asia ETF in the 3rd quarter worth about $674,000. Nicholas Hoffman & Company LLC. lifted its stake in iShares MSCI Emerging Markets Asia ETF by 4.4% in the second quarter. Nicholas Hoffman & Company LLC. now owns 73,156 shares of the company’s stock worth $5,302,000 after purchasing an additional 3,053 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI Emerging Markets Asia ETF during the third quarter valued at approximately $9,425,000.

iShares MSCI Emerging Markets Asia ETF Stock Up 0.6 %

iShares MSCI Emerging Markets Asia ETF stock traded up $0.42 during mid-day trading on Tuesday, reaching $74.53. 42,237 shares of the company’s stock traded hands, compared to its average volume of 45,535. iShares MSCI Emerging Markets Asia ETF has a 12-month low of $61.02 and a 12-month high of $82.13. The stock has a 50 day moving average of $76.89 and a two-hundred day moving average of $74.02. The company has a market cap of $469.54 million, a price-to-earnings ratio of 13.33 and a beta of 0.69.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.