Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Grows By 9.6%

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 71,000 shares, a growth of 9.6% from the October 15th total of 64,800 shares. Based on an average daily volume of 98,700 shares, the days-to-cover ratio is currently 0.7 days.

iShares Asia 50 ETF Trading Up 0.2 %

Shares of NASDAQ AIA opened at $69.21 on Monday. The stock has a market cap of $830.52 million, a price-to-earnings ratio of 12.57 and a beta of 0.71. The stock’s 50-day moving average is $71.52 and its 200 day moving average is $68.29. iShares Asia 50 ETF has a 1-year low of $52.02 and a 1-year high of $77.44.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of hedge funds have recently made changes to their positions in AIA. Upper Left Wealth Management LLC grew its holdings in shares of iShares Asia 50 ETF by 5.3% during the 2nd quarter. Upper Left Wealth Management LLC now owns 5,835 shares of the company’s stock valued at $392,000 after purchasing an additional 292 shares during the last quarter. Activest Wealth Management bought a new position in shares of iShares Asia 50 ETF during the third quarter valued at about $35,000. MML Investors Services LLC grew its position in iShares Asia 50 ETF by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 20,585 shares of the company’s stock worth $1,488,000 after acquiring an additional 760 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in shares of iShares Asia 50 ETF by 23.7% during the third quarter. Insigneo Advisory Services LLC now owns 8,781 shares of the company’s stock valued at $635,000 after purchasing an additional 1,685 shares during the period. Finally, Patten Group Inc. bought a new position in shares of iShares Asia 50 ETF in the third quarter worth approximately $203,000.

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.