Global X Southeast Asia ETF (NYSEARCA:ASEA) Shares Down 0.6% – Should You Sell?

Global X Southeast Asia ETF (NYSEARCA:ASEA) fell 0.6% on Monday . The company traded as low as $15.73 and last traded at $15.74. 27,747 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 123,235 shares. The stock had previously closed at $15.83.

Global X Southeast Asia ETF Trading Down 0.6 %

The company has a 50-day moving average of $16.48 and a 200-day moving average of $16.36. The firm has a market capitalization of $46.28 million, a price-to-earnings ratio of 13.58 and a beta of 0.54.

Institutional Investors Weigh In On Global X Southeast Asia ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in Global X Southeast Asia ETF by 4.8% in the second quarter. Cetera Investment Advisers now owns 77,151 shares of the company’s stock valued at $1,120,000 after buying an additional 3,565 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Global X Southeast Asia ETF in the 3rd quarter worth about $431,000. Finally, Jane Street Group LLC lifted its position in Global X Southeast Asia ETF by 584.8% in the 3rd quarter. Jane Street Group LLC now owns 170,046 shares of the company’s stock valued at $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.