Columbia India Consumer ETF (NYSEARCA:INCO) Sees Significant Decrease in Short Interest

Columbia India Consumer ETF (NYSEARCA:INCO) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 21,505 shares, a drop of 33.3% from the July 30th total of 32,241 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 12,667 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Columbia India Consumer ETF by 8.0% during the fourth quarter. Royal Bank of Canada now owns 2,458 shares of the company’s stock worth $159,000 after purchasing an additional 182 shares during the period. Ameriprise Financial Inc. increased its stake in Columbia India Consumer ETF by 1.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,184 shares of the company’s stock valued at $788,000 after purchasing an additional 225 shares in the last quarter. Parallel Advisors LLC increased its stake in Columbia India Consumer ETF by 12.6% during the 1st quarter. Parallel Advisors LLC now owns 2,415 shares of the company’s stock valued at $133,000 after purchasing an additional 270 shares in the last quarter. Sigma Planning Corp raised its holdings in Columbia India Consumer ETF by 7.2% during the fourth quarter. Sigma Planning Corp now owns 5,308 shares of the company’s stock worth $344,000 after buying an additional 356 shares during the last quarter. Finally, Western Wealth Management LLC raised its holdings in Columbia India Consumer ETF by 10.6% during the fourth quarter. Western Wealth Management LLC now owns 4,636 shares of the company’s stock worth $300,000 after buying an additional 446 shares during the last quarter.

Columbia India Consumer ETF Stock Performance

Shares of NYSEARCA INCO traded up $0.13 during trading on Wednesday, hitting $61.68. 1,602 shares of the company traded hands, compared to its average volume of 41,154. The business’s fifty day moving average is $60.87 and its 200 day moving average is $59.58. Columbia India Consumer ETF has a fifty-two week low of $53.19 and a fifty-two week high of $68.02. The firm has a market capitalization of $234.38 million, a price-to-earnings ratio of 39.45 and a beta of 0.44.

Columbia India Consumer ETF Company Profile

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.