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

iShares Asia 50 ETF (NASDAQ:AIA) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 367,600 shares, an increase of 52.7% from the August 15th total of 240,800 shares. Based on an average trading volume of 44,500 shares, the short-interest ratio is presently 8.3 days.

iShares Asia 50 ETF Trading Up 0.7 %

NASDAQ:AIA opened at $57.92 on Friday. iShares Asia 50 ETF has a 12 month low of $44.42 and a 12 month high of $67.50. The firm has a fifty day simple moving average of $59.40 and a 200-day simple moving average of $59.32. The company has a market capitalization of $1.57 billion, a P/E ratio of 10.57 and a beta of 0.71.

Institutional Investors Weigh In On iShares Asia 50 ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. purchased a new position in shares of iShares Asia 50 ETF during the second quarter worth $40,000. Bank of Montreal Can purchased a new position in iShares Asia 50 ETF in the second quarter valued at $57,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in iShares Asia 50 ETF by 1,622.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 982 shares of the company’s stock valued at $59,000 after buying an additional 925 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in iShares Asia 50 ETF by 2,108.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the company’s stock valued at $62,000 after buying an additional 991 shares in the last quarter. Finally, Blume Capital Management Inc. purchased a new position in iShares Asia 50 ETF in the second quarter valued at $92,000.

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.