iShares Asia 50 ETF (NASDAQ:AIA) Short Interest Down 48.8% in June

Posted by Defense World Staff on Jul 16th, 2023

iShares Asia 50 ETF (NASDAQ:AIA – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 328,200 shares, a decrease of 48.8% from the June 15th total of 641,000 shares. Based on an average daily volume of 64,000 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Investors Weigh In On iShares Asia 50 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIA. Redhawk Wealth Advisors Inc. purchased a new position in shares of iShares Asia 50 ETF in the second quarter valued at $6,658,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of iShares Asia 50 ETF by 25.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,987 shares of the company’s stock valued at $476,000 after purchasing an additional 1,638 shares in the last quarter. EWG Elevate Inc. grew its holdings in shares of iShares Asia 50 ETF by 6.7% in the second quarter. EWG Elevate Inc. now owns 93,511 shares of the company’s stock valued at $5,572,000 after purchasing an additional 5,885 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares Asia 50 ETF by 0.5% in the first quarter. Ameriprise Financial Inc. now owns 61,236 shares of the company’s stock worth $3,790,000 after buying an additional 277 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in iShares Asia 50 ETF in the first quarter worth $1,436,000.

iShares Asia 50 ETF Stock Performance

Shares of AIA stock opened at $62.13 on Friday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.57 and a beta of 0.71. The company’s 50-day moving average is $59.98 and its 200 day moving average is $59.74. iShares Asia 50 ETF has a one year low of $44.42 and a one year high of $67.50.

iShares Asia 50 ETF Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, June 13th. Stockholders of record on Thursday, June 8th were paid a $0.5273 dividend. The ex-dividend date was Wednesday, June 7th.

iShares Asia 50 ETF Company Profile

(Get Free Report)

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.