Columbia EM Core ex-China ETF (NYSEARCA:XCEM – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 233,696 shares, an increase of 281.2% from the October 15th total of 61,310 shares. Based on an average trading volume of 144,529 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the shares of the stock are short sold.
Columbia EM Core ex-China ETF Trading Down 0.7%
XCEM stock traded down $0.32 during trading on Friday, hitting $45.94. 379,388 shares of the stock traded hands, compared to its average volume of 209,434. Columbia EM Core ex-China ETF has a one year low of $36.72 and a one year high of $55.43. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 13.83 and a beta of 0.95. The company has a 50 day simple moving average of $49.73 and a 200 day simple moving average of $47.83.
Institutional Investors Weigh In On Columbia EM Core ex-China ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new position in Columbia EM Core ex-China ETF in the 2nd quarter worth $42,000. Jacobi Capital Management LLC acquired a new stake in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at about $63,000. Global Retirement Partners LLC lifted its holdings in shares of Columbia EM Core ex-China ETF by 46.1% in the third quarter. Global Retirement Partners LLC now owns 1,243 shares of the company’s stock valued at $64,000 after purchasing an additional 392 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Columbia EM Core ex-China ETF in the third quarter valued at about $71,000. Finally, Balance Wealth Partners LLC acquired a new position in shares of Columbia EM Core ex-China ETF during the third quarter worth about $83,000.
About Columbia EM Core ex-China ETF
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.
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