Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Trading Down 0.5% – Here’s Why

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) traded down 0.5% during mid-day trading on Monday . The company traded as low as $19.38 and last traded at $19.45. 19,690 shares were traded during trading, a decline of 59% from the average session volume of 48,391 shares. The stock had previously closed at $19.54.

Global X FTSE Southeast Asia ETF Price Performance

The stock’s fifty day moving average is $19.73 and its 200-day moving average is $19.32. The stock has a market capitalization of $94.92 million, a PE ratio of 12.26 and a beta of 0.43.

Institutional Trading of Global X FTSE Southeast Asia ETF

A number of hedge funds have recently added to or reduced their stakes in ASEA. Jane Street Group LLC boosted its holdings in Global X FTSE Southeast Asia ETF by 17.4% during the second quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock worth $892,000 after buying an additional 8,096 shares in the last quarter. Bank of America Corp DE boosted its holdings in Global X FTSE Southeast Asia ETF by 90.6% during the second quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock worth $122,000 after buying an additional 3,548 shares in the last quarter. Algorithmic Investment Models LLC boosted its holdings in Global X FTSE Southeast Asia ETF by 5.0% during the third quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock worth $1,073,000 after buying an additional 2,961 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Global X FTSE Southeast Asia ETF during the fourth quarter worth $80,000. Finally, Boothe Investment Group Inc. boosted its holdings in Global X FTSE Southeast Asia ETF by 2.8% during the fourth quarter. Boothe Investment Group Inc. now owns 751,426 shares of the company’s stock worth $13,773,000 after buying an additional 20,554 shares in the last quarter.

Global X FTSE Southeast Asia ETF Company Profile

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.