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

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 24,736 shares, a drop of 67.8% from the June 15th total of 76,723 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 477,416 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AdvisorShares Investments LLC purchased a new stake in iShares MSCI Emerging Markets Asia ETF in the 1st quarter worth approximately $15,916,000. BNP Paribas Financial Markets increased its stake in shares of iShares MSCI Emerging Markets Asia ETF by 166.4% during the third quarter. BNP Paribas Financial Markets now owns 48,700 shares of the company’s stock valued at $4,468,000 after buying an additional 30,420 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI Emerging Markets Asia ETF by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 41,983 shares of the company’s stock valued at $3,947,000 after buying an additional 734 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in shares of iShares MSCI Emerging Markets Asia ETF during the fourth quarter valued at approximately $2,196,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 76.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,058 shares of the company’s stock valued at $287,000 after acquiring an additional 1,323 shares in the last quarter.

iShares MSCI Emerging Markets Asia ETF Stock Up 0.1%

Shares of NASDAQ:EEMA traded up $0.17 during midday trading on Friday, hitting $115.06. 171,555 shares of the stock traded hands, compared to its average volume of 226,840. The stock has a market capitalization of $885.96 million, a PE ratio of 15.31 and a beta of 0.73. The business’s 50 day moving average is $115.46 and its two-hundred day moving average is $105.60. iShares MSCI Emerging Markets Asia ETF has a one year low of $82.42 and a one year high of $122.73.

iShares MSCI Emerging Markets Asia ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.3388 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.