iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Up 2,518.4% in July

iShares Asia 50 ETF (NASDAQ:AIA) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,055,824 shares, a growth of 2,518.4% from the July 15th total of 40,323 shares. Based on an average daily trading volume, of 526,343 shares, the short-interest ratio is currently 2.0 days. Approximately 3.0% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Asia 50 ETF

A number of hedge funds have recently modified their holdings of AIA. C M Bidwell & Associates Ltd. acquired a new stake in iShares Asia 50 ETF during the 2nd quarter worth about $60,000. Fiduciary Financial Group LLC purchased a new stake in iShares Asia 50 ETF in the 2nd quarter worth approximately $262,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in iShares Asia 50 ETF during the second quarter valued at $236,000. Optiver Holding B.V. acquired a new position in iShares Asia 50 ETF in the 1st quarter worth about $74,000. Finally, Bank of America Corp DE lifted its holdings in shares of iShares Asia 50 ETF by 44.6% during the 1st quarter. Bank of America Corp DE now owns 28,086 shares of the company’s stock valued at $2,981,000 after buying an additional 8,657 shares during the last quarter.

iShares Asia 50 ETF Trading Up 1.0%

AIA opened at $135.90 on Wednesday. The business’s 50 day moving average is $137.25 and its 200-day moving average is $124.79. The stock has a market cap of $4.76 billion, a PE ratio of 13.81 and a beta of 0.88. iShares Asia 50 ETF has a twelve month low of $83.48 and a twelve month high of $150.83.

iShares Asia 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.5145 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.