Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Sees Significant Growth in Short Interest

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 380,619 shares, an increase of 1,396.7% from the August 15th total of 25,431 shares. Approximately 6.6% of the shares of the company are sold short. Based on an average daily volume of 12,345 shares, the days-to-cover ratio is presently 30.8 days.

Institutional Trading of Columbia U.S. Equity Income ETF

A number of hedge funds have recently made changes to their positions in EQIN. Citadel Advisors LLC bought a new position in shares of Columbia U.S. Equity Income ETF in the second quarter valued at about $365,000. Cornerstone Financial Management LLC lifted its stake in shares of Columbia U.S. Equity Income ETF by 6.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 27,466 shares of the company’s stock worth $1,409,000 after buying an additional 1,603 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Columbia U.S. Equity Income ETF during the 2nd quarter worth about $294,000. Western Wealth Management LLC bought a new stake in shares of Columbia U.S. Equity Income ETF during the 1st quarter worth about $49,000. Finally, Cetera Investment Advisers grew its stake in Columbia U.S. Equity Income ETF by 28.6% in the 1st quarter. Cetera Investment Advisers now owns 94,141 shares of the company’s stock valued at $4,627,000 after buying an additional 20,957 shares during the last quarter.

Columbia U.S. Equity Income ETF Stock Performance

NYSEARCA:EQIN traded down $0.09 during mid-day trading on Thursday, hitting $53.83. The stock had a trading volume of 20,624 shares, compared to its average volume of 16,851. Columbia U.S. Equity Income ETF has a twelve month low of $45.33 and a twelve month high of $56.20. The stock has a market cap of $312.21 million, a price-to-earnings ratio of 17.92 and a beta of 0.71. The company’s 50 day simple moving average is $53.52 and its 200 day simple moving average is $51.44.

Columbia U.S. Equity Income ETF Company Profile

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.