Short Interest in iShares Asia 50 ETF (NASDAQ:AIA) Drops By 52.5%

iShares Asia 50 ETF (NASDAQ:AIA) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,300 shares, a decrease of 52.5% from the January 15th total of 25,900 shares. Based on an average daily trading volume, of 35,900 shares, the days-to-cover ratio is presently 0.3 days.

iShares Asia 50 ETF Price Performance

NASDAQ AIA opened at $73.17 on Thursday. The business has a 50 day moving average price of $69.34 and a 200 day moving average price of $69.37. The company has a market capitalization of $768.29 million, a P/E ratio of 12.57 and a beta of 0.71. iShares Asia 50 ETF has a 1-year low of $56.00 and a 1-year high of $77.44.

iShares Asia 50 ETF Dividend Announcement

The company also recently declared 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 was Tuesday, December 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of iShares Asia 50 ETF in the third quarter valued at $35,000. Finley Financial LLC purchased a new position in shares of iShares Asia 50 ETF in the fourth quarter valued at $59,000. Aviso Financial Inc. increased its position in shares of iShares Asia 50 ETF by 97.3% in the fourth quarter. Aviso Financial Inc. now owns 1,385 shares of the company’s stock valued at $94,000 after buying an additional 683 shares in the last quarter. West Oak Capital LLC boosted its stake in shares of iShares Asia 50 ETF by 1,433.3% during the fourth quarter. West Oak Capital LLC now owns 4,600 shares of the company’s stock valued at $312,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of iShares Asia 50 ETF during the fourth quarter valued at $334,000.

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.