Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Declines By 14.1%

iShares Asia 50 ETF (NASDAQ:AIA) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 61,000 shares, a decline of 14.1% from the October 31st total of 71,000 shares. Based on an average daily trading volume, of 98,300 shares, the short-interest ratio is presently 0.6 days.

iShares Asia 50 ETF Stock Up 0.3 %

AIA opened at $69.24 on Friday. The company’s 50-day moving average price is $72.21 and its 200 day moving average price is $68.61. The firm has a market cap of $830.88 million, a price-to-earnings ratio of 12.57 and a beta of 0.71. iShares Asia 50 ETF has a fifty-two week low of $52.02 and a fifty-two week high of $77.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Avalon Capital Management acquired a new position in shares of iShares Asia 50 ETF in the second quarter valued at about $2,030,000. Upper Left Wealth Management LLC increased its stake in shares of iShares Asia 50 ETF by 5.3% in the second quarter. Upper Left Wealth Management LLC now owns 5,835 shares of the company’s stock valued at $392,000 after buying an additional 292 shares during the period. Bank of Montreal Can increased its holdings in iShares Asia 50 ETF by 1,142.7% in the second quarter. Bank of Montreal Can now owns 47,159 shares of the company’s stock valued at $3,206,000 after purchasing an additional 43,364 shares during the period. Marshall Wace LLP increased its position in iShares Asia 50 ETF by 68.1% during the 2nd quarter. Marshall Wace LLP now owns 7,060 shares of the company’s stock valued at $474,000 after purchasing an additional 2,860 shares during the period. Finally, Patten Group Inc. bought a new stake in iShares Asia 50 ETF during the third quarter valued at $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.