Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Rises By 242.3%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 37,068 shares, a growth of 242.3% from the November 30th total of 10,828 shares. Based on an average daily trading volume, of 31,857 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 31,857 shares, the days-to-cover ratio is presently 1.2 days.

Global X FTSE Southeast Asia ETF Stock Performance

ASEA stock traded down $0.03 during trading on Friday, hitting $18.79. 10,926 shares of the company traded hands, compared to its average volume of 28,637. The company has a 50-day moving average of $18.09 and a 200-day moving average of $17.36. Global X FTSE Southeast Asia ETF has a 1 year low of $13.68 and a 1 year high of $18.94. The firm has a market capitalization of $71.97 million, a PE ratio of 12.26 and a beta of 0.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Global X FTSE Southeast Asia ETF by 13.1% during the 3rd quarter. Bank of America Corp DE now owns 8,443 shares of the company’s stock valued at $144,000 after buying an additional 980 shares during the last quarter. Algorithmic Investment Models LLC increased its position in shares of Global X FTSE Southeast Asia ETF by 5.0% in the third quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock valued at $1,073,000 after acquiring an additional 2,961 shares during the period. Boothe Investment Group Inc. increased its position in shares of Global X FTSE Southeast Asia ETF by 1.3% in the third quarter. Boothe Investment Group Inc. now owns 730,872 shares of the company’s stock valued at $12,494,000 after acquiring an additional 9,700 shares during the period. Barry Investment Advisors LLC raised its stake in shares of Global X FTSE Southeast Asia ETF by 0.7% during the third quarter. Barry Investment Advisors LLC now owns 100,298 shares of the company’s stock valued at $1,714,000 after acquiring an additional 719 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Global X FTSE Southeast Asia ETF by 17.4% during the second quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock worth $892,000 after purchasing an additional 8,096 shares during the period.

About Global X FTSE Southeast Asia ETF

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.