Short Interest in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Expands By 110.6%

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 41,762 shares, an increase of 110.6% from the June 15th total of 19,833 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 17,911 shares, the days-to-cover ratio is presently 2.3 days.

Columbia U.S. Equity Income ETF Trading Down 0.1%

Shares of NYSEARCA EQIN traded down $0.03 during mid-day trading on Wednesday, reaching $52.28. The company had a trading volume of 11,406 shares, compared to its average volume of 17,959. The company has a 50-day moving average price of $51.22 and a two-hundred day moving average price of $50.18. The stock has a market cap of $298.00 million, a PE ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a 1-year low of $44.01 and a 1-year high of $52.94.

Hedge Funds Weigh In On Columbia U.S. Equity Income ETF

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in Columbia U.S. Equity Income ETF by 94.5% during the 3rd quarter. NewEdge Advisors LLC now owns 128,020 shares of the company’s stock valued at $5,977,000 after purchasing an additional 62,203 shares during the period. Stifel Financial Corp boosted its position in shares of Columbia U.S. Equity Income ETF by 43.4% in the fourth quarter. Stifel Financial Corp now owns 171,604 shares of the company’s stock worth $8,149,000 after buying an additional 51,946 shares during the period. Cetera Investment Advisers boosted its position in shares of Columbia U.S. Equity Income ETF by 125.9% in the fourth quarter. Cetera Investment Advisers now owns 73,184 shares of the company’s stock worth $3,476,000 after buying an additional 40,785 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Columbia U.S. Equity Income ETF by 316.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 49,210 shares of the company’s stock worth $2,337,000 after buying an additional 37,392 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Columbia U.S. Equity Income ETF by 52.9% during the second quarter. Raymond James Financial Inc. now owns 95,499 shares of the company’s stock valued at $4,301,000 after buying an additional 33,025 shares in the last quarter.

About Columbia U.S. Equity Income ETF

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