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

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 201,109 shares, an increase of 258.5% from the May 14th total of 56,104 shares. Based on an average daily trading volume, of 187,050 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are short sold.

Columbia EM Core ex-China ETF Price Performance

Shares of XCEM traded up $0.13 during midday trading on Friday, hitting $51.72. 189,291 shares of the company traded hands, compared to its average volume of 246,457. The stock has a 50-day moving average of $48.07 and a 200-day moving average of $43.28. Columbia EM Core ex-China ETF has a one year low of $32.57 and a one year high of $53.73. The firm has a market cap of $1.94 billion, a P/E ratio of 14.14 and a beta of 0.89.

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. Global Retirement Partners LLC bought a new stake in shares of Columbia EM Core ex-China ETF during the fourth quarter valued at about $33,000. Battery Global Advisors LLC purchased a new position in shares of Columbia EM Core ex-China ETF during the third quarter worth about $45,000. Allworth Financial LP grew its holdings in shares of Columbia EM Core ex-China ETF by 76.7% during the fourth quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Columbia EM Core ex-China ETF during the fourth quarter worth about $98,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Columbia EM Core ex-China ETF during the third quarter worth about $106,000.

Columbia EM Core ex-China ETF Company Profile

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.