Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Sees Significant Growth in Short Interest

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,881 shares, an increase of 316.7% from the May 31st total of 2,371 shares. Based on an average daily volume of 9,891 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

A number of hedge funds have recently bought and sold shares of ECON. Ameriprise Financial Inc. purchased a new position in Columbia Research Enhanced Emerging Economies ETF in the 3rd quarter worth approximately $126,458,000. Bank of America Corp DE increased its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 0.6% in the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock valued at $10,867,000 after purchasing an additional 2,547 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth approximately $6,294,000. Jane Street Group LLC boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 6.0% during the second quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock worth $1,192,000 after buying an additional 2,810 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after buying an additional 574 shares during the last quarter.

Columbia Research Enhanced Emerging Economies ETF Stock Down 2.3%

Shares of Columbia Research Enhanced Emerging Economies ETF stock traded down $0.81 during trading hours on Monday, reaching $35.01. 849 shares of the company’s stock were exchanged, compared to its average volume of 35,705. The business has a fifty day moving average of $34.65 and a two-hundred day moving average of $31.10. The company has a market capitalization of $357.10 million, a P/E ratio of 12.92 and a beta of 0.55. Columbia Research Enhanced Emerging Economies ETF has a 1 year low of $23.78 and a 1 year high of $38.18.

Columbia Research Enhanced Emerging Economies ETF Company Profile

The Columbia Emerging Markets Consumer ETF (ECON) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of 60 emerging-market companies in consumer-oriented sectors. ECON was launched on Sep 14, 2010 and is managed by Columbia.