iShares Asia 50 ETF (NASDAQ:AIA) Sees Significant Decrease in Short Interest

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 47,600 shares, a decrease of 51.2% from the February 28th total of 97,500 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 52,400 shares, the short-interest ratio is currently 0.9 days.

iShares Asia 50 ETF Price Performance

iShares Asia 50 ETF stock opened at $74.62 on Friday. iShares Asia 50 ETF has a one year low of $58.02 and a one year high of $77.87. The company’s fifty day moving average price is $73.23 and its two-hundred day moving average price is $71.35. The company has a market capitalization of $783.51 million, a price-to-earnings ratio of 14.68 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIA. Finley Financial LLC acquired a new stake in iShares Asia 50 ETF in the 4th quarter worth approximately $59,000. Aviso Financial Inc. grew its holdings in iShares Asia 50 ETF by 97.3% during the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after purchasing an additional 683 shares during the last quarter. Bank of Montreal Can raised its position in shares of iShares Asia 50 ETF by 8.3% in the fourth quarter. Bank of Montreal Can now owns 4,558 shares of the company’s stock valued at $309,000 after purchasing an additional 349 shares during the period. West Oak Capital LLC lifted its stake in shares of iShares Asia 50 ETF by 1,433.3% in the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock worth $312,000 after buying an additional 4,300 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of iShares Asia 50 ETF during the 4th quarter worth $334,000.

iShares Asia 50 ETF Company Profile

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.