Short Interest in Columbia International Equity Income ETF (NYSEARCA:INEQ) Grows By 90.1%

Columbia International Equity Income ETF (NYSEARCA:INEQ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 48,972 shares, a growth of 90.1% from the May 31st total of 25,766 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average trading volume of 23,131 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Columbia International Equity Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in INEQ. Western Wealth Management LLC bought a new position in Columbia International Equity Income ETF during the first quarter valued at about $28,000. Osaic Holdings Inc. raised its position in Columbia International Equity Income ETF by 568.3% in the second quarter. Osaic Holdings Inc. now owns 2,105 shares of the company’s stock worth $75,000 after acquiring an additional 1,790 shares during the period. Axis Wealth Partners LLC bought a new stake in Columbia International Equity Income ETF in the fourth quarter worth about $206,000. VestGen Advisors LLC bought a new stake in Columbia International Equity Income ETF in the fourth quarter worth about $246,000. Finally, PNC Financial Services Group Inc. boosted its stake in Columbia International Equity Income ETF by 48.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,444 shares of the company’s stock valued at $464,000 after acquiring an additional 4,069 shares during the last quarter.

Columbia International Equity Income ETF Stock Down 0.2%

INEQ stock traded down $0.09 during midday trading on Wednesday, hitting $38.44. The company’s stock had a trading volume of 7,792 shares, compared to its average volume of 20,499. The stock has a market cap of $76.88 million, a price-to-earnings ratio of 13.51 and a beta of 0.59. The stock’s 50-day moving average price is $39.78 and its 200 day moving average price is $39.32. Columbia International Equity Income ETF has a 1 year low of $32.69 and a 1 year high of $41.60.

Columbia International Equity Income ETF Company Profile

The Columbia International Equity Income ETF (INEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying companies in developed markets outside the US. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk INEQ was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.