Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Grows By 242.4%

iShares Asia 50 ETF (NASDAQ:AIA) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 340,300 shares, an increase of 242.4% from the September 30th total of 99,400 shares. Based on an average daily volume of 131,800 shares, the short-interest ratio is presently 2.6 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 131,800 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of iShares Asia 50 ETF

Several institutional investors have recently bought and sold shares of AIA. Oppenheimer & Co. Inc. acquired a new stake in iShares Asia 50 ETF in the first quarter valued at approximately $415,000. Envestnet Asset Management Inc. lifted its position in shares of iShares Asia 50 ETF by 12.4% in the first quarter. Envestnet Asset Management Inc. now owns 23,918 shares of the company’s stock valued at $1,730,000 after acquiring an additional 2,632 shares in the last quarter. BluePointe Capital Management LLC lifted its position in shares of iShares Asia 50 ETF by 9.6% in the first quarter. BluePointe Capital Management LLC now owns 5,596 shares of the company’s stock valued at $405,000 after acquiring an additional 491 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of iShares Asia 50 ETF in the first quarter valued at approximately $434,000. Finally, LPL Financial LLC lifted its position in shares of iShares Asia 50 ETF by 919.0% in the first quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock valued at $3,975,000 after acquiring an additional 49,554 shares in the last quarter.

iShares Asia 50 ETF Trading Down 0.1%

Shares of AIA opened at $99.83 on Wednesday. iShares Asia 50 ETF has a 12 month low of $59.91 and a 12 month high of $99.97. The stock’s 50 day moving average is $92.15 and its two-hundred day moving average is $83.08. The firm has a market cap of $1.46 billion, a P/E ratio of 13.81 and a beta of 0.70.

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.