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

Posted by Donald Scott on Nov 14th, 2024

iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA – Get Free Report) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 96,000 shares, a decrease of 28.1% from the October 15th total of 133,500 shares. Based on an average trading volume of 57,400 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of iShares MSCI Emerging Markets Asia ETF

Several large investors have recently added to or reduced their stakes in the business. Cahill Financial Advisors Inc. acquired a new position in iShares MSCI Emerging Markets Asia ETF during the 2nd quarter worth $204,000. BNP Paribas Financial Markets acquired a new stake in iShares MSCI Emerging Markets Asia ETF in the 1st quarter valued at approximately $602,000. Nicholas Hoffman & Company LLC. increased its position in 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 period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF in the third quarter valued at approximately $9,425,000.

iShares MSCI Emerging Markets Asia ETF Trading Down 0.7 %

EEMA stock traded down $0.54 during midday trading on Thursday, reaching $73.26. The company had a trading volume of 21,828 shares, compared to its average volume of 45,795. The company has a 50 day moving average of $76.49 and a two-hundred day moving average of $73.73. iShares MSCI Emerging Markets Asia ETF has a 1 year low of $61.02 and a 1 year high of $82.13. The company has a market capitalization of $461.51 million, a P/E ratio of 13.33 and a beta of 0.69.

About iShares MSCI Emerging Markets Asia ETF

(Get Free Report)

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.