Short Interest in Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Increases By 375.9%

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 70,892 shares, an increase of 375.9% from the January 29th total of 14,895 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 71,322 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 71,322 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X FTSE Southeast Asia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barry Investment Advisors LLC increased its position in Global X FTSE Southeast Asia ETF by 0.7% in the 3rd 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 period. Bank of America Corp DE grew its stake in shares of Global X FTSE Southeast Asia ETF by 13.1% in the third quarter. Bank of America Corp DE now owns 8,443 shares of the company’s stock worth $144,000 after purchasing an additional 980 shares in the last quarter. EFG International AG acquired a new position in shares of Global X FTSE Southeast Asia ETF during the fourth quarter valued at $39,000. Algorithmic Investment Models LLC raised its stake in shares of Global X FTSE Southeast Asia ETF by 5.0% during the third quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,961 shares in the last quarter. Finally, Colonial Trust Advisors acquired a new stake in Global X FTSE Southeast Asia ETF in the fourth quarter worth about $56,000.

Global X FTSE Southeast Asia ETF Stock Performance

Shares of ASEA opened at $20.38 on Friday. Global X FTSE Southeast Asia ETF has a 1 year low of $13.68 and a 1 year high of $20.70. The company has a market cap of $92.73 million, a price-to-earnings ratio of 12.26 and a beta of 0.58. The firm has a fifty day moving average of $19.41 and a 200-day moving average of $18.26.

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.