iShares Asia 50 ETF (NASDAQ:AIA) Sees Significant Decline in Short Interest

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 30,500 shares, a drop of 23.6% from the August 31st total of 39,900 shares. Based on an average daily trading volume, of 115,600 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares Asia 50 ETF

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $200,000. City Holding Co. grew its stake in iShares Asia 50 ETF by 13.3% in the 1st quarter. City Holding Co. now owns 3,415 shares of the company’s stock valued at $207,000 after buying an additional 400 shares in the last quarter. Upper Left Wealth Management LLC grew its stake in iShares Asia 50 ETF by 5.3% in the 2nd quarter. Upper Left Wealth Management LLC now owns 5,835 shares of the company’s stock valued at $392,000 after buying an additional 292 shares in the last quarter. Marshall Wace LLP grew its stake in iShares Asia 50 ETF by 68.1% in the 2nd quarter. Marshall Wace LLP now owns 7,060 shares of the company’s stock valued at $474,000 after buying an additional 2,860 shares in the last quarter. Finally, Avalon Capital Management purchased a new position in iShares Asia 50 ETF in the 2nd quarter valued at approximately $2,030,000.

iShares Asia 50 ETF Stock Down 0.7 %

iShares Asia 50 ETF stock opened at $74.19 on Friday. iShares Asia 50 ETF has a 52 week low of $52.02 and a 52 week high of $74.85. The company’s 50 day moving average price is $66.46 and its two-hundred day moving average price is $65.23. The stock has a market cap of $1.71 billion, a P/E ratio of 12.57 and a beta of 0.71.

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.