iShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 98,807 shares, a decline of 90.4% from the August 15th total of 1,034,165 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 503,616 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Investors Weigh In On iShares Asia 50 ETF
A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in shares of iShares Asia 50 ETF by 10.6% during the 2nd quarter. NewEdge Advisors LLC now owns 5,599 shares of the company’s stock valued at $793,000 after purchasing an additional 537 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in iShares Asia 50 ETF in the second quarter worth $4,108,000. Corient Private Wealth LP purchased a new stake in iShares Asia 50 ETF during the second quarter valued at about $253,000. Ameritas Advisory Services LLC purchased a new stake in iShares Asia 50 ETF during the second quarter valued at about $654,000. Finally, TD Waterhouse Canada Inc. boosted its position in iShares Asia 50 ETF by 58,737.4% during the second quarter. TD Waterhouse Canada Inc. now owns 77,077 shares of the company’s stock valued at $10,518,000 after buying an additional 76,946 shares during the period.
iShares Asia 50 ETF Price Performance
NASDAQ AIA traded down $3.46 on Thursday, reaching $139.41. 93,390 shares of the company’s stock traded hands, compared to its average volume of 500,874. iShares Asia 50 ETF has a 12 month low of $90.05 and a 12 month high of $150.83. The stock has a 50-day simple moving average of $136.51 and a 200 day simple moving average of $129.21. The stock has a market cap of $4.88 billion, a PE ratio of 13.81 and a beta of 0.89.
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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