Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Drops By 52.4%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 47,324 shares, a drop of 52.4% from the June 15th total of 99,404 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 22,482 shares, the days-to-cover ratio is presently 2.1 days.

Global X FTSE Southeast Asia ETF Price Performance

Shares of Global X FTSE Southeast Asia ETF stock traded down $0.03 during trading hours on Thursday, hitting $20.90. The company’s stock had a trading volume of 13,342 shares, compared to its average volume of 44,753. The company has a market capitalization of $97.81 million, a PE ratio of 12.26 and a beta of 0.43. The stock has a 50 day moving average of $20.02 and a 200 day moving average of $19.66. Global X FTSE Southeast Asia ETF has a 12 month low of $16.30 and a 12 month high of $21.11.

Institutional Investors Weigh In On Global X FTSE Southeast Asia ETF

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in Global X FTSE Southeast Asia ETF by 17.4% in the 2nd quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock valued at $892,000 after acquiring an additional 8,096 shares in the last quarter. Bank of America Corp DE increased its holdings in Global X FTSE Southeast Asia ETF by 90.6% during the 2nd quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after purchasing an additional 3,548 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Global X FTSE Southeast Asia ETF in the 4th quarter valued at about $80,000. Boothe Investment Group Inc. lifted its holdings in shares of Global X FTSE Southeast Asia ETF by 2.8% in the fourth quarter. Boothe Investment Group Inc. now owns 751,426 shares of the company’s stock valued at $13,773,000 after purchasing an additional 20,554 shares in the last quarter. Finally, Moneco Advisors LLC bought a new stake in shares of Global X FTSE Southeast Asia ETF in the fourth quarter valued at about $550,000.

Global X FTSE 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.