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

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 259,316 shares, a drop of 20.6% from the February 26th total of 326,640 shares. Based on an average daily volume of 934,375 shares, the short-interest ratio is presently 0.3 days. Currently, 1.5% of the company’s shares are short sold.

iShares MSCI Emerging Markets Asia ETF Price Performance

iShares MSCI Emerging Markets Asia ETF stock opened at $93.44 on Monday. The company has a market capitalization of $1.58 billion, a PE ratio of 15.31 and a beta of 0.60. The firm has a fifty day simple moving average of $100.90 and a two-hundred day simple moving average of $96.27. iShares MSCI Emerging Markets Asia ETF has a twelve month low of $63.50 and a twelve month high of $108.00.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter valued at about $26,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI Emerging Markets Asia ETF during the 4th quarter worth approximately $41,000. Private Trust Co. NA increased its stake in iShares MSCI Emerging Markets Asia ETF by 226.9% in the 4th quarter. Private Trust Co. NA now owns 742 shares of the company’s stock worth $70,000 after purchasing an additional 515 shares during the period. Cornerstone Planning Group LLC increased its stake in iShares MSCI Emerging Markets Asia ETF by 27.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 752 shares of the company’s stock worth $72,000 after purchasing an additional 162 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its position 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 valued at $287,000 after purchasing an additional 1,323 shares during the last quarter.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.