iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) Sees Significant Decline in Short Interest

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,900 shares, a decline of 88.3% from the December 15th total of 33,300 shares. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Asia ETF

Several institutional investors and hedge funds have recently modified their holdings of EEMA. BNP Paribas Financial Markets acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter valued at about $674,000. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter valued at about $9,425,000. Kovitz Investment Group Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF in the 3rd quarter valued at about $209,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Emerging Markets Asia ETF by 41.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,960 shares of the company’s stock valued at $232,000 after buying an additional 867 shares during the period.

iShares MSCI Emerging Markets Asia ETF Price Performance

iShares MSCI Emerging Markets Asia ETF stock traded up $0.85 during trading hours on Tuesday, hitting $70.36. 36,165 shares of the stock traded hands, compared to its average volume of 39,583. The firm’s 50 day moving average price is $73.63 and its 200-day moving average price is $74.20. The stock has a market capitalization of $443.27 million, a price-to-earnings 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.

iShares MSCI Emerging Markets Asia ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.0001 dividend. The ex-dividend date was Tuesday, December 17th. This is a boost from iShares MSCI Emerging Markets Asia ETF’s previous dividend of $0.31.

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.