iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Significant Drop in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,900 shares, a drop of 88.3% from the December 15th total of 33,300 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 0.1 days.

iShares MSCI Emerging Markets Asia ETF Trading Down 0.6 %

Shares of EEMA traded down $0.45 during mid-day trading on Monday, hitting $69.51. 79,217 shares of the company’s stock were exchanged, compared to its average volume of 40,074. The firm has a market capitalization of $437.91 million, a P/E ratio of 13.33 and a beta of 0.69. iShares MSCI Emerging Markets Asia ETF has a fifty-two week low of $61.02 and a fifty-two week high of $82.13. The business’s 50 day moving average is $73.63 and its two-hundred day moving average is $74.20.

iShares MSCI Emerging Markets Asia ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $1.0001 dividend. This is a boost from iShares MSCI Emerging Markets Asia ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Large investors have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets Asia ETF in the third quarter valued at $209,000. JPMorgan Chase & Co. increased its holdings in iShares MSCI Emerging Markets Asia ETF by 41.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,960 shares of the company’s stock valued at $232,000 after acquiring an additional 867 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in iShares MSCI Emerging Markets Asia ETF during the 3rd quarter valued at about $674,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the third quarter valued at approximately $9,425,000.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.