iShares Asia 50 ETF (NASDAQ:AIA) Sees Significant Decline in Short Interest

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 47,600 shares, a decrease of 51.2% from the February 28th total of 97,500 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is presently 0.9 days.

iShares Asia 50 ETF Stock Performance

NASDAQ AIA opened at $72.50 on Friday. iShares Asia 50 ETF has a twelve month low of $58.02 and a twelve month high of $77.87. The stock has a market cap of $761.25 million, a PE ratio of 14.68 and a beta of 0.71. The firm has a 50-day simple moving average of $73.31 and a 200 day simple moving average of $71.46.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC lifted its stake in iShares Asia 50 ETF by 89.8% during the third quarter. Flow Traders U.S. LLC now owns 114,220 shares of the company’s stock worth $8,256,000 after purchasing an additional 54,055 shares during the period. Jane Street Group LLC lifted its position in shares of iShares Asia 50 ETF by 31.4% during the 3rd quarter. Jane Street Group LLC now owns 218,160 shares of the company’s stock worth $15,769,000 after buying an additional 52,169 shares during the period. Focus Partners Wealth bought a new position in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $3,183,000. Uniting Wealth Partners LLC acquired a new stake in iShares Asia 50 ETF in the 4th quarter valued at $1,391,000. Finally, Bank of America Corp DE grew its position in iShares Asia 50 ETF by 101.5% in the fourth quarter. Bank of America Corp DE now owns 25,309 shares of the company’s stock valued at $1,717,000 after acquiring an additional 12,751 shares during the period.

About iShares Asia 50 ETF

iShares Asia 50 ETF (the Fund), formerly iShares S&P Asia 50 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Asia 50 Index (the Index). The Index is a free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the 50 leading companies from four Asian markets: Hong Kong, Singapore, South Korea and Taiwan.