iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Up 79.8% in May

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 47,100 shares, a growth of 79.8% from the May 15th total of 26,200 shares. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

iShares Asia 50 ETF Trading Down 2.0%

AIA opened at $78.85 on Friday. The stock has a market capitalization of $709.65 million, a PE ratio of 13.63 and a beta of 0.71. iShares Asia 50 ETF has a 1-year low of $59.33 and a 1-year high of $80.93. The firm has a 50-day moving average price of $72.99 and a two-hundred day moving average price of $71.82.

Institutional Investors Weigh In On iShares Asia 50 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIA. LPL Financial LLC increased its position in iShares Asia 50 ETF by 919.0% in the 1st quarter. LPL Financial LLC now owns 54,946 shares of the company’s stock valued at $3,975,000 after acquiring an additional 49,554 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $3,183,000. Uniting Wealth Partners LLC acquired a new stake in shares of iShares Asia 50 ETF during the 4th quarter worth approximately $1,391,000. Royal Bank of Canada grew its position in shares of iShares Asia 50 ETF by 168.7% during the 1st quarter. Royal Bank of Canada now owns 24,403 shares of the company’s stock worth $1,766,000 after buying an additional 15,321 shares during the period. Finally, Bank of America Corp DE grew its position in shares of iShares Asia 50 ETF by 101.5% during the 4th quarter. Bank of America Corp DE now owns 25,309 shares of the company’s stock worth $1,717,000 after buying an additional 12,751 shares during the period.

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.