Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Decreases By 75.4%

iShares Asia 50 ETF (NASDAQ:AIA) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 37,510 shares, a decrease of 75.4% from the April 15th total of 152,198 shares. Based on an average daily trading volume, of 366,662 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of iShares Asia 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new stake in shares of iShares Asia 50 ETF during the 4th quarter valued at $772,000. Objectivity Squared LLC increased its holdings in iShares Asia 50 ETF by 285.9% in the 3rd quarter. Objectivity Squared LLC now owns 23,802 shares of the company’s stock worth $2,252,000 after purchasing an additional 17,634 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in iShares Asia 50 ETF in the 4th quarter worth about $2,035,000. Stratos Wealth Partners LTD. bought a new position in iShares Asia 50 ETF in the third quarter valued at about $4,518,000. Finally, Phillip James Consulting Co. bought a new position in iShares Asia 50 ETF in the first quarter valued at about $606,000.

iShares Asia 50 ETF Trading Down 4.6%

NASDAQ AIA traded down $6.38 during trading on Friday, hitting $131.45. 45,547 shares of the company’s stock were exchanged, compared to its average volume of 513,505. The company has a market cap of $4.34 billion, a PE ratio of 13.81 and a beta of 0.83. iShares Asia 50 ETF has a fifty-two week low of $74.14 and a fifty-two week high of $138.84. The stock’s 50 day moving average price is $116.21 and its two-hundred day moving average price is $107.41.

iShares Asia 50 ETF Company Profile

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.