Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Declines By 35.5%

iShares Asia 50 ETF (NASDAQ:AIA) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 24,200 shares, a drop of 35.5% from the November 30th total of 37,500 shares. Based on an average trading volume of 81,000 shares, the days-to-cover ratio is presently 0.3 days.

iShares Asia 50 ETF Stock Down 0.3 %

Shares of NASDAQ AIA traded down $0.24 during mid-day trading on Friday, reaching $68.80. 14,379 shares of the company were exchanged, compared to its average volume of 74,796. The firm has a 50-day moving average of $70.75 and a 200 day moving average of $69.04. iShares Asia 50 ETF has a 1 year low of $52.02 and a 1 year high of $77.44. The stock has a market cap of $825.60 million, a price-to-earnings ratio of 12.57 and a beta of 0.71.

iShares Asia 50 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $1.5096 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares Asia 50 ETF

Institutional investors have recently made changes to their positions in the business. Activest Wealth Management acquired a new stake in shares of iShares Asia 50 ETF in the 3rd quarter worth $35,000. Patten Group Inc. acquired a new stake in iShares Asia 50 ETF during the 3rd quarter worth about $203,000. Walleye Capital LLC acquired a new stake in iShares Asia 50 ETF during the 3rd quarter worth about $393,000. Marshall Wace LLP lifted 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 worth $474,000 after acquiring an additional 2,860 shares during the period. Finally, Insigneo Advisory Services LLC lifted its position in iShares Asia 50 ETF by 23.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,781 shares of the company’s stock worth $635,000 after acquiring an additional 1,685 shares during the period.

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.