iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Up 328.6% in March

iShares Asia 50 ETF (NASDAQ:AIA) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 647,271 shares, a growth of 328.6% from the February 26th total of 151,036 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 595,896 shares, the days-to-cover ratio is currently 1.1 days.

iShares Asia 50 ETF Price Performance

NASDAQ AIA opened at $108.76 on Thursday. iShares Asia 50 ETF has a 1-year low of $59.91 and a 1-year high of $119.70. The company has a market capitalization of $2.23 billion, a P/E ratio of 13.81 and a beta of 0.70. The business has a 50 day moving average price of $110.51 and a 200 day moving average price of $101.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in shares of iShares Asia 50 ETF by 2,650.0% during the 4th quarter. Global Retirement Partners LLC now owns 275 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in iShares Asia 50 ETF in the 4th quarter valued at about $52,000. Assetmark Inc. acquired a new stake in iShares Asia 50 ETF in the 4th quarter valued at about $74,000. Arax Advisory Partners purchased a new position in iShares Asia 50 ETF during the 4th quarter valued at about $77,000. Finally, Gilpin Wealth Management LLC purchased a new position in iShares Asia 50 ETF during the 4th quarter valued at about $78,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.