iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Update

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 112,264 shares, an increase of 199.3% from the April 30th total of 37,510 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 675,265 shares, the days-to-cover ratio is currently 0.2 days.

iShares Asia 50 ETF Price Performance

Shares of AIA traded down $0.22 during mid-day trading on Friday, reaching $142.33. 967,910 shares of the company’s stock traded hands, compared to its average volume of 530,003. The stock has a market cap of $4.70 billion, a P/E ratio of 13.81 and a beta of 0.83. The stock’s 50-day moving average is $122.12 and its two-hundred day moving average is $110.23. iShares Asia 50 ETF has a 12 month low of $74.14 and a 12 month high of $143.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC bought a new position in iShares Asia 50 ETF in the fourth quarter worth approximately $772,000. Objectivity Squared LLC lifted its holdings in iShares Asia 50 ETF by 285.9% during the third quarter. Objectivity Squared LLC now owns 23,802 shares of the company’s stock worth $2,252,000 after buying an additional 17,634 shares during the period. UBS Group AG lifted its holdings in iShares Asia 50 ETF by 10.6% during the fourth quarter. UBS Group AG now owns 41,896 shares of the company’s stock worth $4,085,000 after buying an additional 4,003 shares during the period. Arlington Capital Management Inc. purchased a new stake in iShares Asia 50 ETF during the fourth quarter worth $2,035,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in iShares Asia 50 ETF during the third quarter worth $4,518,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.