Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Sees Significant Drop in Short Interest

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,222 shares, a drop of 63.1% from the April 15th total of 30,411 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 17,681 shares, the short-interest ratio is currently 0.6 days.

Columbia Research Enhanced Emerging Economies ETF Stock Down 0.3%

Shares of ECON stock traded down $0.09 during trading hours on Thursday, hitting $34.56. 4,877 shares of the company’s stock traded hands, compared to its average volume of 43,530. The stock’s 50 day simple moving average is $30.60 and its 200 day simple moving average is $29.25. The stock has a market cap of $352.51 million, a PE ratio of 12.92 and a beta of 0.52. Columbia Research Enhanced Emerging Economies ETF has a 12 month low of $22.44 and a 12 month high of $35.12.

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new stake in Columbia Research Enhanced Emerging Economies ETF in the third quarter worth $126,458,000. Bank of America Corp DE grew its holdings in Columbia Research Enhanced Emerging Economies ETF by 0.6% in the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after purchasing an additional 2,547 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Columbia Research Enhanced Emerging Economies ETF in the fourth quarter worth $6,294,000. Jane Street Group LLC grew its holdings in Columbia Research Enhanced Emerging Economies ETF by 6.0% in the second quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,810 shares during the period. Finally, Royal Bank of Canada grew its holdings in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares during the period.

Columbia Research Enhanced Emerging Economies ETF Company Profile

The Columbia Emerging Markets Consumer ETF (ECON) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of 60 emerging-market companies in consumer-oriented sectors. ECON was launched on Sep 14, 2010 and is managed by Columbia.