Global X Southeast Asia ETF (NYSEARCA:ASEA) Trading 0.4% Higher – What’s Next?

Global X Southeast Asia ETF (NYSEARCA:ASEA)’s share price traded up 0.4% during trading on Tuesday . The company traded as high as $16.87 and last traded at $16.87. 11,542 shares were traded during mid-day trading, a decline of 59% from the average session volume of 28,404 shares. The stock had previously closed at $16.79.

Global X Southeast Asia ETF Price Performance

The company has a market cap of $49.60 million, a price-to-earnings ratio of 13.58 and a beta of 0.54. The firm’s fifty day moving average price is $17.12 and its 200-day moving average price is $15.92.

Hedge Funds Weigh In On Global X Southeast Asia ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 145,214 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Global X Southeast Asia ETF by 4.8% in the second quarter. Cetera Investment Advisers now owns 77,151 shares of the company’s stock valued at $1,120,000 after acquiring an additional 3,565 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X Southeast Asia ETF in the third quarter valued at approximately $431,000.

Global X Southeast Asia ETF Company Profile

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.