Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Large Decrease in Short Interest

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 65,344 shares, a decrease of 34.7% from the June 30th total of 100,045 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 189,762 shares, the days-to-cover ratio is presently 0.3 days.

Columbia EM Core ex-China ETF Stock Performance

Shares of XCEM traded up $0.28 during trading hours on Friday, reaching $47.27. The stock had a trading volume of 13,611 shares, compared to its average volume of 230,188. Columbia EM Core ex-China ETF has a 12 month low of $33.76 and a 12 month high of $55.43. The stock has a market capitalization of $1.90 billion, a PE ratio of 14.14 and a beta of 0.89. The company’s 50-day moving average is $50.71 and its two-hundred day moving average is $46.22.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Several large investors have recently modified their holdings of XCEM. Royal Bank of Canada lifted its holdings in Columbia EM Core ex-China ETF by 3,953.0% during the 1st quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock worth $1,348,000 after buying an additional 44,511 shares during the period. NewEdge Advisors LLC lifted its position in shares of Columbia EM Core ex-China ETF by 4.2% in the 1st quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock worth $1,203,000 after purchasing an additional 1,649 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Columbia EM Core ex-China ETF in the 1st quarter valued at $349,000. EverSource Wealth Advisors LLC bought a new position in Columbia EM Core ex-China ETF during the second quarter worth $129,000. Finally, Qube Research & Technologies Ltd boosted its position in Columbia EM Core ex-China ETF by 11.0% during the second quarter. Qube Research & Technologies Ltd now owns 7,942 shares of the company’s stock valued at $271,000 after acquiring an additional 785 shares during the last quarter.

Columbia EM Core ex-China ETF Company Profile

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.