iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Down 75.4% in April
by Amy Steele · The Cerbat GemiShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 37,510 shares, a drop of 75.4% from the April 15th total of 152,198 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 366,662 shares, the days-to-cover ratio is currently 0.1 days.
iShares Asia 50 ETF Stock Up 3.0%
Shares of NASDAQ:AIA traded up $4.00 during mid-day trading on Wednesday, reaching $136.94. 440,888 shares of the stock were exchanged, compared to its average volume of 513,952. The company has a market cap of $4.53 billion, a P/E ratio of 13.81 and a beta of 0.83. iShares Asia 50 ETF has a one year low of $74.14 and a one year high of $138.84. The stock’s 50 day simple moving average is $115.23 and its 200-day simple moving average is $106.85.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AIA. Global Retirement Partners LLC grew its holdings in shares of iShares Asia 50 ETF by 2,650.0% during the fourth quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after buying an additional 265 shares in the last quarter. Kestra Advisory Services LLC bought a new position in iShares Asia 50 ETF in the fourth quarter valued at approximately $52,000. CrossGen Wealth LLC bought a new position in iShares Asia 50 ETF in the first quarter valued at approximately $56,000. Fifth Third Bancorp bought a new position in iShares Asia 50 ETF in the first quarter valued at approximately $61,000. Finally, Assetmark Inc. bought a new position in iShares Asia 50 ETF in the fourth quarter valued at approximately $74,000.
iShares Asia 50 ETF Company Profile
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.