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

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 56,104 shares, a drop of 57.3% from the April 30th total of 131,475 shares. Based on an average daily trading volume, of 210,353 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Columbia EM Core ex-China ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its holdings in Columbia EM Core ex-China ETF by 1.1% during the 4th quarter. Sanctuary Advisors LLC now owns 29,935 shares of the company’s stock valued at $1,148,000 after purchasing an additional 314 shares during the last quarter. Pacific Sage Partners LLC grew its holdings in Columbia EM Core ex-China ETF by 2.8% during the 1st quarter. Pacific Sage Partners LLC now owns 12,836 shares of the company’s stock valued at $524,000 after purchasing an additional 345 shares during the last quarter. MML Investors Services LLC grew its holdings in Columbia EM Core ex-China ETF by 5.9% during the 4th quarter. MML Investors Services LLC now owns 6,483 shares of the company’s stock valued at $249,000 after purchasing an additional 359 shares during the last quarter. Western Wealth Management LLC grew its holdings in Columbia EM Core ex-China ETF by 1.8% during the 1st quarter. Western Wealth Management LLC now owns 22,126 shares of the company’s stock valued at $903,000 after purchasing an additional 383 shares during the last quarter. Finally, Redwood Financial Network Corp grew its holdings in Columbia EM Core ex-China ETF by 2.2% during the 4th quarter. Redwood Financial Network Corp now owns 26,075 shares of the company’s stock valued at $1,000,000 after purchasing an additional 552 shares during the last quarter.

Columbia EM Core ex-China ETF Price Performance

XCEM traded up $1.00 on Monday, hitting $53.43. The company had a trading volume of 196,420 shares, compared to its average volume of 248,268. Columbia EM Core ex-China ETF has a 52-week low of $31.77 and a 52-week high of $53.69. The stock has a fifty day simple moving average of $46.14 and a 200-day simple moving average of $42.47. The firm has a market capitalization of $2.01 billion, a P/E ratio of 14.14 and a beta of 0.87.

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.