Short Interest in Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Grows By 109.7%

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 178,810 shares, a growth of 109.7% from the August 15th total of 85,265 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 390,045 shares, the days-to-cover ratio is presently 0.5 days.

Columbia Research Enhanced Core ETF Stock Down 0.0%

RECS stock traded down $0.01 during midday trading on Monday, hitting $45.17. The company’s stock had a trading volume of 524,264 shares, compared to its average volume of 567,207. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 22.01 and a beta of 0.92. The stock’s 50-day moving average price is $44.79 and its 200 day moving average price is $42.77. Columbia Research Enhanced Core ETF has a 1 year low of $37.79 and a 1 year high of $45.92.

Hedge Funds Weigh In On Columbia Research Enhanced Core ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its holdings in Columbia Research Enhanced Core ETF by 26.6% during the fourth quarter. LPL Financial LLC now owns 17,374,371 shares of the company’s stock worth $709,569,000 after buying an additional 3,650,956 shares during the last quarter. Jane Street Group LLC boosted its stake in Columbia Research Enhanced Core ETF by 49,303.3% in the second quarter. Jane Street Group LLC now owns 16,658,312 shares of the company’s stock valued at $612,859,000 after acquiring an additional 16,624,593 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Columbia Research Enhanced Core ETF by 22.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,963,845 shares of the company’s stock valued at $476,940,000 after acquiring an additional 2,368,065 shares during the period. Bank of America Corp DE grew its position in shares of Columbia Research Enhanced Core ETF by 32.0% during the 3rd quarter. Bank of America Corp DE now owns 5,842,374 shares of the company’s stock valued at $235,740,000 after acquiring an additional 1,417,178 shares during the period. Finally, Morgan Stanley increased its stake in shares of Columbia Research Enhanced Core ETF by 32.0% during the 4th quarter. Morgan Stanley now owns 5,215,842 shares of the company’s stock worth $213,015,000 after purchasing an additional 1,265,928 shares during the last quarter.

Columbia Research Enhanced Core ETF Company Profile

The Columbia Research Enhanced Core ETF (RECS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000. The index uses multifactor selection and market cap weighting. RECS was launched on Sep 25, 2019 and is managed by Columbia.