Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Short Interest Down 65.0% in August

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,344 shares, a drop of 65.0% from the July 30th total of 6,705 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 98,096 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 2nd quarter valued at approximately $204,000. Bank of America Corp DE lifted its stake in Columbia Research Enhanced Emerging Economies ETF by 5.8% in the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after buying an additional 24,745 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of 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 valued at $983,000 after acquiring an additional 574 shares during the last quarter. Karnit Road Accident Victims Compensation Fund acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth about $238,000. Finally, CIBC Private Wealth Group LLC grew its stake in Columbia Research Enhanced Emerging Economies ETF by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock worth $747,000 after acquiring an additional 2,714 shares during the period.

Columbia Research Enhanced Emerging Economies ETF Trading Down 0.5%

Shares of ECON stock traded down $0.18 on Friday, reaching $35.53. 2,783 shares of the stock were exchanged, compared to its average volume of 34,796. The company has a market capitalization of $348.19 million, a price-to-earnings ratio of 12.92 and a beta of 0.56. The business’s 50 day moving average price is $34.64 and its 200 day moving average price is $33.00. Columbia Research Enhanced Emerging Economies ETF has a twelve month low of $24.58 and a twelve month 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.