iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Short Interest Update

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 259,316 shares, a decline of 20.6% from the February 26th total of 326,640 shares. Based on an average daily trading volume, of 934,375 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.5% of the shares of the company are short sold.

iShares MSCI Emerging Markets Asia ETF Price Performance

NASDAQ EEMA traded up $1.28 during trading hours on Wednesday, reaching $97.02. 38,695 shares of the stock traded hands, compared to its average volume of 261,844. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.31 and a beta of 0.60. iShares MSCI Emerging Markets Asia ETF has a 1 year low of $63.50 and a 1 year high of $108.00. The stock has a 50 day simple moving average of $100.72 and a two-hundred day simple moving average of $96.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Emerging Markets Asia ETF by 5,529.8% in the second quarter. JPMorgan Chase & Co. now owns 41,548 shares of the company’s stock worth $3,430,000 after purchasing an additional 40,810 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after purchasing an additional 30,420 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter valued at about $2,196,000. Madison Asset Management LLC increased its position in shares of iShares MSCI Emerging Markets Asia ETF by 6.2% during the third quarter. Madison Asset Management LLC now owns 396,693 shares of the company’s stock valued at $36,397,000 after buying an additional 23,101 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in iShares MSCI Emerging Markets Asia ETF by 76.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock worth $287,000 after buying an additional 1,323 shares in the last quarter.

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.