Global X Southeast Asia ETF (NYSEARCA:ASEA) Trading Down 0.6% – Here’s Why

Global X Southeast Asia ETF (NYSEARCA:ASEA)’s stock price dropped 0.6% on Thursday . The company traded as low as $15.48 and last traded at $15.52. Approximately 5,930 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 33,064 shares. The stock had previously closed at $15.62.

Global X Southeast Asia ETF Stock Down 0.1 %

The firm has a fifty day moving average price of $15.87 and a 200 day moving average price of $16.49. The company has a market cap of $58.90 million, a P/E ratio of 12.09 and a beta of 0.72.

Hedge Funds Weigh In On Global X Southeast Asia ETF

Several large investors have recently made changes to their positions in ASEA. Flow Traders U.S. LLC acquired a new position in shares of Global X Southeast Asia ETF during the third quarter valued at $431,000. Jane Street Group LLC lifted its stake in Global X Southeast Asia ETF by 584.8% in the third quarter. Jane Street Group LLC now owns 170,046 shares of the company’s stock valued at $2,945,000 after buying an additional 145,214 shares during the period. Barry Investment Advisors LLC lifted its stake in Global X Southeast Asia ETF by 2.9% in the fourth quarter. Barry Investment Advisors LLC now owns 66,820 shares of the company’s stock valued at $1,082,000 after buying an additional 1,890 shares during the period. Heck Capital Advisors LLC acquired a new position in Global X Southeast Asia ETF in the fourth quarter valued at about $61,000. Finally, Principal Securities Inc. lifted its stake in Global X Southeast Asia ETF by 79.9% in the fourth quarter. Principal Securities Inc. now owns 6,253 shares of the company’s stock valued at $100,000 after buying an additional 2,777 shares during the period.

About Global X Southeast Asia ETF

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.