Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Short Interest Down 57.3% in May

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw a significant drop in short interest during 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 210,353 shares, the days-to-cover ratio is presently 0.3 days.

Columbia EM Core ex-China ETF Trading Up 0.0%

NYSEARCA XCEM traded up $0.02 during trading hours on Friday, hitting $52.43. 297,327 shares of the company’s stock traded hands, compared to its average volume of 248,777. Columbia EM Core ex-China ETF has a 52 week low of $31.62 and a 52 week high of $52.80. The firm has a market capitalization of $1.97 billion, a P/E ratio of 14.14 and a beta of 0.87. The business’s fifty day moving average price is $45.90 and its two-hundred day moving average price is $42.36.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp purchased a new position in Columbia EM Core ex-China ETF during the third quarter valued at $1,098,000. Redmont Wealth Advisors LLC purchased a new stake in Columbia EM Core ex-China ETF in the third quarter worth about $698,000. Penserra Capital Management LLC raised its stake in shares of Columbia EM Core ex-China ETF by 7.7% in the third quarter. Penserra Capital Management LLC now owns 1,421,095 shares of the company’s stock worth $51,628,000 after buying an additional 101,598 shares during the period. Savvy Advisors Inc. raised its stake in shares of Columbia EM Core ex-China ETF by 33.2% in the fourth quarter. Savvy Advisors Inc. now owns 391,355 shares of the company’s stock worth $15,012,000 after buying an additional 97,456 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Columbia EM Core ex-China ETF by 79.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 34,678 shares of the company’s stock valued at $1,260,000 after buying an additional 15,401 shares in the last quarter.

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.