Short Interest in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Drops By 33.0%

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 71,400 shares, a drop of 33.0% from the November 15th total of 106,600 shares. Based on an average daily trading volume, of 55,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets Asia ETF in the third quarter valued at $209,000. Cahill Financial Advisors Inc. bought a new position in iShares MSCI Emerging Markets Asia ETF during the second quarter valued at $204,000. BNP Paribas Financial Markets purchased a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter worth $674,000. Nicholas Hoffman & Company LLC. increased its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 4.4% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 73,156 shares of the company’s stock worth $5,302,000 after buying an additional 3,053 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter worth about $9,425,000.

iShares MSCI Emerging Markets Asia ETF Trading Up 0.1 %

EEMA traded up $0.11 during trading on Friday, hitting $75.04. 92,636 shares of the company traded hands, compared to its average volume of 45,863. The company has a market cap of $472.75 million, a PE ratio of 13.33 and a beta of 0.69. iShares MSCI Emerging Markets Asia ETF has a 1 year low of $61.02 and a 1 year high of $82.13. The stock’s 50-day simple moving average is $76.13 and its two-hundred day simple moving average is $74.17.

iShares MSCI Emerging Markets Asia ETF Company Profile

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.