Global X Southeast Asia ETF (NYSEARCA:ASEA) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Global X Southeast Asia ETF (NYSEARCA:ASEA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.99 and traded as high as $16.62. Global X Southeast Asia ETF shares last traded at $16.53, with a volume of 122,462 shares trading hands.

Global X Southeast Asia ETF Stock Up 0.4 %

The stock’s 50 day moving average is $17.03 and its two-hundred day moving average is $16.00. The company has a market capitalization of $48.80 million, a PE ratio of 13.58 and a beta of 0.54.

Hedge Funds Weigh In On Global X Southeast Asia ETF

A number of large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new position in Global X Southeast Asia ETF in the third quarter valued at $431,000. Cetera Investment Advisers raised its stake in Global X Southeast Asia ETF by 4.8% during the second quarter. Cetera Investment Advisers now owns 77,151 shares of the company’s stock worth $1,120,000 after purchasing an additional 3,565 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Global X Southeast Asia ETF by 584.8% during the 3rd quarter. Jane Street Group LLC now owns 170,046 shares of the company’s stock worth $2,945,000 after purchasing an additional 145,214 shares during the last quarter.

About Global X Southeast Asia ETF

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.