iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Short Interest Update

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 96,000 shares, a drop of 28.1% from the October 15th total of 133,500 shares. Based on an average daily volume of 57,400 shares, the short-interest ratio is presently 1.7 days.

iShares MSCI Emerging Markets Asia ETF Trading Down 0.7 %

iShares MSCI Emerging Markets Asia ETF stock traded down $0.54 during mid-day trading on Thursday, hitting $73.26. The stock had a trading volume of 21,828 shares, compared to its average volume of 45,795. iShares MSCI Emerging Markets Asia ETF has a 12 month low of $61.02 and a 12 month high of $82.13. The stock has a market capitalization of $461.51 million, a PE ratio of 13.33 and a beta of 0.69. The stock has a 50-day simple moving average of $76.49 and a two-hundred day simple moving average of $73.73.

Institutional Investors Weigh In On iShares MSCI Emerging Markets Asia ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Cahill Financial Advisors Inc. bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the second quarter valued at about $204,000. Nicholas Hoffman & Company LLC. boosted its holdings in iShares MSCI Emerging Markets Asia ETF by 4.4% during the second quarter. Nicholas Hoffman & Company LLC. now owns 73,156 shares of the company’s stock worth $5,302,000 after purchasing an additional 3,053 shares during the last quarter. BNP Paribas Financial Markets bought a new position in iShares MSCI Emerging Markets Asia ETF in the first quarter valued at $602,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI Emerging Markets Asia ETF during the 3rd quarter worth about $9,425,000.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.